Living in Taylors Falls, Minnesota
Cost of living, income, home prices, rent and demographics of Taylors Falls · Census data 2020–2024
Taylors Falls has 1,167 residents with a median age of 40.5. The median household income is $67,885 (24% lower than the Minnesota median), the median home value is $275,200, the median rent is $1,074/month.
Taylors Falls is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Taylors Falls at a glance
- Population
- 1,167
- Median age
- 40.5State: 38.8
- Median household income
- $67,885State: $89,062
- Median home value
- $275,200State: $329,300
- Median rent
- $1,074/moState: $1,280
- Homeowners
- 80.9%
- Bachelor's degree or higher
- 24.4%
- Average commute
- 33 min
Is Taylors Falls a good place to live?
Pros: Home values 16% lower than the state median; unemployment of 2.2%; a poverty rate of 5.4%.
Cons: Median household income 24% lower than the Minnesota median; an average commute of 33 minutes.
The weather is best in June to September.
Cost of living in Taylors Falls
Housing is the biggest part of the cost of living. In Taylors Falls the median home value is $275,200, 17% lower than the U.S. median. Renters pay a median of $1,074 per month, which is 33.1% of household income. Homeowners with a mortgage pay $1,758 a month in housing costs.
Taylors Falls median household income
The median household income in Taylors Falls is $67,885 and the income per person is $39,935. 5.4% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Taylors Falls: homes for sale and rent
- Housing units
- 558
- Owner-occupied
- 80.9%
- Renter-occupied
- 19.1%
- Vacant
- 11.8%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.36
Taylors Falls demographics
- Population
- 1,167
- Median age
- 40.5
- Under 18
- 23.9%
- 65 and older
- 22.5%
- Households
- 492
- Foreign-born
- 0.9%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Taylors Falls ›
Education in Taylors Falls
24.4% of adults 25 and older in Taylors Falls have a bachelor's degree or higher (Minnesota: 39.4%), and 8.6% have a graduate or professional degree.
Jobs and commute in Taylors Falls
- Unemployment rate
- 2.2%State: 4.1%
- Average commute
- 33 minState: 23 min
- Work from home
- 12.1%
- Drive alone
- 73.6%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 92.7%
Taylors Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Taylors Falls | 1,167 | $67,885 | $275,200 | $1,074 |
| St. Croix Falls | 2,423 | $65,300 | $249,400 | $914 |
| Dresser | 1,028 | $80,114 | $196,100 | $1,068 |
| Shafer | 1,186 | $99,489 | $242,800 | $966 |
| Osceola | 2,849 | $53,361 | $230,600 | $946 |
| Centuria | 806 | $49,821 | $145,600 | $860 |
| Center City | 651 | $96,875 | $362,000 | $1,611 |
| Lindstrom | 4,978 | $98,226 | $358,100 | $1,176 |
| Balsam Lake | 754 | $52,011 | $210,200 | $975 |
More for people moving to Taylors Falls
Taylors Falls ZIP code ›Weather and climate ›Living in Taylors Falls: FAQ
What is the median household income in Taylors Falls, MN?
The median household income in Taylors Falls is $67,885, 24% 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 Taylors Falls?
The median home value in Taylors Falls is $275,200, compared with $329,300 in Minnesota.
How much is rent in Taylors Falls?
The median gross rent in Taylors Falls is $1,074 per month, about 33.1% of household income.
Is Taylors Falls, MN a good place to live?
Pluses: home values 16% lower than the state median; unemployment of 2.2%; a poverty rate of 5.4%. Minuses: median household income 24% lower than the Minnesota median; an average commute of 33 minutes.
What is the median age in Taylors Falls?
The median age in Taylors Falls is 40.5 years (Minnesota: 38.8).
How long is the commute in Taylors Falls?
The average commute to work in Taylors Falls is 33 minutes; 12.1% of workers work from home.
What is the unemployment rate in Taylors Falls?
The unemployment rate in Taylors Falls is 2.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Taylors Falls?
24.4% of adults in Taylors 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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