Cost of Living in Cottage Grove, MN
Population: 40,124 • 2026 Data
$121,452
Median Household Income
+57% vs national
$1,644
Median Monthly Rent
+22% vs national
$359,600
Median Home Value
+6% vs national
3.5%
Unemployment Rate
Housing in Cottage Grove
The median home value in Cottage Grove, MN is $359,600. Monthly rent for a typical unit averages $1,644, while total monthly housing costs (including utilities and insurance) average $1,779.
Rent-to-income ratio: 16.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Cottage Grove, MN is $121,452. The unemployment rate stands at 3.5%, with a labor force of 22,250 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.