Cottonwood, MN Employment - Median Household Income, Unemployment Rate

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B

8%

Income/capita NAT. AVG.

11%

Household income NAT. AVG.

63%

Unemployment NAT. AVG.

Index	Cottonwood	Minnesota	National
Income per capita	$32,119	$33,225	$29,829
Median household income	$61,625	$63,217	$55,322
Median income owner occupied	$80,833	$77,618	$70,586
Median income renter occupied	$26,063	$34,348	$35,192
Median earnings male	$51,250	$40,933	$36,919
Median earnings female	$31,932	$29,114	$26,250
Unemployment rate	1.7%	3.4%	4.7%
Poverty level	11.9%	10.8%	15.1%

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Key findings

The income per capita in Cottonwood is 8% higher than the national average
The median household income in Cottonwood is 11% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Cottonwood is 63% lower than the national average
The poverty level in Cottonwood is 21% lower than the national average

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am i middle class

$41,079 $61,625 $123,250

City

$42,140 $63,217 $126,434

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Cottonwood median earnings by income bracket

Cottonwood employment by industry

Labour Type	Male	Female
Construction industry	14.8%	14.8%
Manufacturing sector	22.4%	22.4%
Financial & insurance services	14.2%	14.2%
Wholesale & retail services	8.5%	8.5%
Public administration	2.7%	2.7%
Transportation, warehousing & utilities	10.3%	10.3%
Education, health & social services	5.2%	5.2%
Other	21.8%	21.8%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Ghent, MN	497	$62,083	12.2%
Wood Lake, MN	381	$60,000	8.5%
Vesta, MN	293	$55,833	0.9%
Milroy, MN	188	$54,167	2.1%
Hazel Run, MN	92	$53,542	3.2%
Cottonwood, MN	1,180	$61,625	11.4%

Cities with similar population

City	Population	Household Income	National Avg.
North Grosvenor Dale, CT	1,180	$52,708	4.7%
Woodbury, GA	1,180	$26,563	52.0%
Peabody, KS	1,180	$43,924	20.6%
Lexington, MI	1,180	$39,615	28.4%
Tunica, MS	1,180	$39,716	28.2%
Cottonwood, MN	1,180	$61,625	11.4%

Source: The Cottonwood, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).