Minnesota · Census place 09730
Cannon Falls city, MN
Quick answer
Cannon Falls city has 4,216 residents, ranking #170 of 914 places in Minnesota. Median household income is $80,515, the median home is worth $262,100 and median gross rent runs $983 a month.
- Population
- 4,216Cannon Falls city residents
- Median household income
- $80,515Past 12 months, inflation adjusted
- Median home value
- $262,100Owner-occupied units
- Median gross rent
- $983Rent plus utilities, monthly
- Median age
- 45.3 yrsAll residents
- Homeownership rate
- 74.8%Owner-occupied households
What the numbers mean in Cannon Falls city
Housing cost measured against local earnings.
A household earning the Cannon Falls city median would spend about 14.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.8% of residents and 74.8% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Wayzata city 4,363
- Wadena city 4,361
- Park Rapids city 4,226
- Columbus city 4,211
- Le Sueur city 4,204
- Cold Spring city 4,201
- Pipestone city 4,165
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More Minnesota coverage.