Living in Cannon Falls, Minnesota
Cost of living, income, home prices, rent and demographics of Cannon Falls · Census data 2020–2024
Cannon Falls has 4,227 residents with a median age of 43.4. The median household income is $84,097 (6% lower than the Minnesota median), the median home value is $263,300, the median rent is $1,161/month.
Cannon Falls at a glance
- Population
- 4,227
- Median age
- 43.4State: 38.8
- Median household income
- $84,097State: $89,062
- Median home value
- $263,300State: $329,300
- Median rent
- $1,161/moState: $1,280
- Homeowners
- 73.3%
- Bachelor's degree or higher
- 24.7%
- Average commute
- 22 min
Is Cannon Falls a good place to live?
Pros: Home values 20% lower than the state median; an average commute of 22 minutes; unemployment of 1.7%; a poverty rate of 9.2%.
Cons: Median household income 6% lower than the Minnesota median.
The weather is best in June to September.
Cost of living in Cannon Falls
Housing is the biggest part of the cost of living. In Cannon Falls the median home value is $263,300, 21% lower than the U.S. median. Renters pay a median of $1,161 per month, which is 40.7% of household income. Homeowners with a mortgage pay $1,635 a month in housing costs.
Cannon Falls median household income
The median household income in Cannon Falls is $84,097 and the income per person is $38,970. 9.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Cannon Falls: homes for sale and rent
- Housing units
- 1,990
- Owner-occupied
- 73.3%
- Renter-occupied
- 26.7%
- Vacant
- 9.1%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.28
Cannon Falls demographics
- Population
- 4,227
- Median age
- 43.4
- Under 18
- 20.5%
- 65 and older
- 21.8%
- Households
- 1,809
- Foreign-born
- 0.5%
- Veterans
- 5.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Cannon Falls ›
Education in Cannon Falls
24.7% of adults 25 and older in Cannon Falls have a bachelor's degree or higher (Minnesota: 39.4%), and 5.1% have a graduate or professional degree.
Jobs and commute in Cannon Falls
- Unemployment rate
- 1.7%State: 4.1%
- Average commute
- 22 minState: 23 min
- Work from home
- 9.1%
- Drive alone
- 81.8%
- Public transit
- 0.7%
- Walk to work
- 4.6%
- Homes with broadband
- 87.6%
Cannon Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cannon Falls | 4,227 | $84,097 | $263,300 | $1,161 |
| Randolph | 461 | $104,286 | $291,000 | $1,563 |
| Miesville | 125 | $95,500 | $348,200 | — |
| Hampton | 590 | $109,545 | $318,300 | $1,083 |
| Dennison | 223 | $55,000 | $211,400 | $1,750 |
| Vermillion | 399 | $107,188 | $319,300 | $1,208 |
| Northfield | 20,742 | $84,895 | $329,400 | $1,103 |
| Nerstrand | 215 | $85,833 | $211,100 | $1,350 |
| Empire | 3,092 | $147,700 | $469,500 | $2,052 |
More for people moving to Cannon Falls
Cannon Falls ZIP code ›Weather and climate ›Living in Cannon Falls: FAQ
What is the median household income in Cannon Falls, MN?
The median household income in Cannon Falls is $84,097, 6% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cannon Falls?
The median home value in Cannon Falls is $263,300, compared with $329,300 in Minnesota.
How much is rent in Cannon Falls?
The median gross rent in Cannon Falls is $1,161 per month, about 40.7% of household income.
Is Cannon Falls, MN a good place to live?
Pluses: home values 20% lower than the state median; an average commute of 22 minutes; unemployment of 1.7%; a poverty rate of 9.2%. Minuses: median household income 6% lower than the Minnesota median.
What is the median age in Cannon Falls?
The median age in Cannon Falls is 43.4 years (Minnesota: 38.8).
How long is the commute in Cannon Falls?
The average commute to work in Cannon Falls is 22 minutes; 9.1% of workers work from home.
What is the unemployment rate in Cannon Falls?
The unemployment rate in Cannon Falls is 1.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cannon Falls?
24.7% of adults in Cannon Falls have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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