Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 64.9 yrs |
|---|---|
| Avg HH Size | 1.55 |
| Below Poverty | 20.5% ▲ 105% above avg |
| College Grads | 25.1% ▼ 35% below avg |
| Unemployment | 6.0% ▲ 23% above avg |
| HS Graduate | 48 (26.8%) |
| Some College | 34 (19%) |
| Associates | 52 (29.1%) |
| Bachelors | 28 (15.6%) |
| Graduate Degree | 17 (9.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $35,809 ▼ 53% below avg |
|---|---|
| Median Home Value | $63,200 ▼ 77% below avg |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $550/mo |
| Total Housing Units | 281 |
| Vacant Units | 142 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Big Falls is a city in Minnesota, located in Koochiching County. The city spans 1 ZIP code and is home to approximately 215 residents. It is an older city, with a median age of 64.9 years.
Economically, Big Falls is a lower-income community. The median household income of $35,809 is well below the national average. Approximately 20.5% of residents live below the poverty line. The unemployment rate is 6.0%, above the national average.
The real estate market in Big Falls is one of the more affordable housing markets in the country. Median home values stand at $63,200, which is well below the national average. Renters typically pay around $550 per month. Homeownership is high at 84.2%, typical of suburban and family-oriented communities.
The population of Big Falls is moderately educated. 25.1% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (84.65%).
Big Falls, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56627 | 215 | $35,809 | $63,200 | $550 | 6.0% | 25.1% | 84.2% |