Economy

The City of Cottage Grove values our businesses and values the importance of our businesses to our economic prosperity. This page contains the key indicators for the City of Cottage Grove. From employment, labor force, unemployment rate to income all the statistics point to a prosperous and growing community.

Employment

The civilian labor force was 20,371 in 2021.

The City of Cottage Grove has a number of large public and private employers in the community. These businesses provide excellent wages and continue to be very successful, which is why the employment in Cottage Grove continues to grow.

Labor Force

Sources: Minnesota Department of Employment and Economic Development, Labor Market Information, Local Area Unemployment Statistics (LAUS) Data

Income

The median household income in Cottage Grove was $102,600 in 2020.

Income is defined by the U.S. Census Bureau the income received on a regular basis (exclusive of certain money receipts such as capital gains and lump-sum payments) before payments of personal income taxes, social security, union dues, medicare deductions, etc. 

CG Household Income

Source: U.S. Census 2016 to 2020 American Community Survey (ACS)