Cost of Living in Cannon Falls, MN
Population 4,216 · Minnesota · Data vintage 2023
(100 = US avg)
Cannon Falls sits on the smaller end of the Minnesota city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 0.6% — below most comparable cities in the state.
Located 30 miles southeast of St. Paul, Cannon Falls falls within that metro's commuting orbit. Housing prices track closely with St. Paul's $280,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cannon Falls
The median home value in Cannon Falls is $262,100 — 14% below the national median of $305,000. Median rent runs $983/month, 25% lower than the national median of $1,314/month. The median household income of $80,515/year is 8% higher than the US median of $74,580. The local unemployment rate is 0.6%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Cannon Falls has a cost of living index of 81 versus the US average of 100, meaning it is 19% less expensive.
Cannon Falls has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Cannon Falls, MN?
Cannon Falls has a cost index of 81 (100 = national average). It is 19% below the national average.
What is average rent in Cannon Falls, MN?
The median gross rent in Cannon Falls is $983 per month based on 2023 Census data.
What is the average home price in Cannon Falls?
The median home value in Cannon Falls is $262,100 according to Zillow and Census data.
What is the median income in Cannon Falls?
The median household income in Cannon Falls is $80,515 per year (2023 ACS 5-year estimates).
What is the sales tax in Cannon Falls, MN?
The combined state and local sales tax rate in Cannon Falls is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Cannon Falls, MN affordable?
Yes, Cannon Falls is generally considered affordable, with a cost of living index of 81 — about 19% below the US national average of 100.
Cannon Falls at a Glance
- Population
- 4,216
- Median Income
- $80,515
- Home Value
- $262,100
- Median Rent
- $983/mo
- Unemployment
- 0.6%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
Cities in other states with comparable housing costs