Living in Hanley Falls, Minnesota
Cost of living, income, home prices, rent and demographics of Hanley Falls · Census data 2020–2024
Hanley Falls has 248 residents with a median age of 36.9. The median household income is $61,563 (31% lower than the Minnesota median), the median home value is $75,300, the median rent is $630/month.
Hanley Falls is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hanley Falls at a glance
- Population
- 248
- Median age
- 36.9State: 38.8
- Median household income
- $61,563State: $89,062
- Median home value
- $75,300State: $329,300
- Median rent
- $630/moState: $1,280
- Homeowners
- 50.5%
- Bachelor's degree or higher
- 7.3%
- Average commute
- 25 min
Is Hanley Falls a good place to live?
Pros: Home values 77% lower than the state median.
Cons: Median household income 31% lower than the Minnesota median; an average commute of 25 minutes; a poverty rate of 11.3%.
The weather is best in June to September.
Cost of living in Hanley Falls
Housing is the biggest part of the cost of living. In Hanley Falls the median home value is $75,300, 77% lower than the U.S. median. Renters pay a median of $630 per month, which is 18.6% of household income. Homeowners with a mortgage pay $1,363 a month in housing costs.
Hanley Falls median household income
The median household income in Hanley Falls is $61,563 and the income per person is $39,940. 11.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Hanley Falls: homes for sale and rent
- Housing units
- 112
- Owner-occupied
- 50.5%
- Renter-occupied
- 49.5%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.36
Hanley Falls demographics
- Population
- 248
- Median age
- 36.9
- Under 18
- 22.2%
- 65 and older
- 8.1%
- Households
- 105
- Foreign-born
- 4.8%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Hanley Falls ›
Education in Hanley Falls
7.3% of adults 25 and older in Hanley Falls have a bachelor's degree or higher (Minnesota: 39.4%), and 4.6% have a graduate or professional degree.
Jobs and commute in Hanley Falls
- Unemployment rate
- 0%State: 4.1%
- Average commute
- 25 minState: 23 min
- Work from home
- 1.7%
- Drive alone
- 91.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 85.7%
Hanley Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hanley Falls | 248 | $61,563 | $75,300 | $630 |
| Wood Lake | 368 | $65,000 | $91,700 | $628 |
| Cottonwood | 1,061 | $97,500 | $176,200 | $683 |
| Granite Falls | 2,685 | $59,375 | $136,700 | $920 |
| Echo | 197 | $70,833 | $103,600 | $617 |
| Clarkfield | 913 | $63,359 | $95,600 | $833 |
| Sacred Heart | 481 | $70,667 | $85,700 | $692 |
| Belview | 362 | $74,583 | $93,600 | $838 |
| Vesta | 311 | $66,875 | $105,600 | — |
More for people moving to Hanley Falls
Hanley Falls ZIP code ›Weather and climate ›Living in Hanley Falls: FAQ
What is the median household income in Hanley Falls, MN?
The median household income in Hanley Falls is $61,563, 31% 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 Hanley Falls?
The median home value in Hanley Falls is $75,300, compared with $329,300 in Minnesota.
How much is rent in Hanley Falls?
The median gross rent in Hanley Falls is $630 per month, about 18.6% of household income.
Is Hanley Falls, MN a good place to live?
Pluses: home values 77% lower than the state median. Minuses: median household income 31% lower than the Minnesota median; an average commute of 25 minutes; a poverty rate of 11.3%.
What is the median age in Hanley Falls?
The median age in Hanley Falls is 36.9 years (Minnesota: 38.8).
How long is the commute in Hanley Falls?
The average commute to work in Hanley Falls is 25 minutes; 1.7% of workers work from home.
What is the unemployment rate in Hanley Falls?
The unemployment rate in Hanley Falls is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hanley Falls?
7.3% of adults in Hanley 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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