Cottonwood is located in southwest Minnesota. Cottonwood is between the Lyon, Redwood, Yellow Medicine county. Cottonwood has 1.04 square miles of land area and has no water area. As of 2010-2014, the total Cottonwood population is 1,067, which has shrunk 7.06% since 2000. The population growth rate is much lower than the state average rate of 9.44% and is much lower than the national average rate of 11.61%. Cottonwood median household income is $49,762 in 2010-2014 and has grown by 25.06% since 2000. The income growth rate is lower than the state average rate of 29.12% and is lower than the national average rate of 27.36%. Cottonwood median house value is $141,800 in 2010-2014 and has grown by 78.14% since 2000. The house value growth rate is much higher than the state average rate of 51.31% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Cottonwood is better than the state average in quality. The Cottonwood area code is 507.