Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.4 yrs |
|---|---|
| Avg HH Size | 2.41 |
| Below Poverty | 5.6% ▼ 44% below avg |
| College Grads | 42.4% ▲ 9% above avg |
| Unemployment | 1.7% ▼ 66% below avg |
| No HS Diploma | 90 (1.5%) |
| HS Graduate | 1,935 (32.6%) |
| Some College | 613 (10.3%) |
| Associates | 784 (13.2%) |
| Bachelors | 944 (15.9%) |
| Graduate Degree | 1,571 (26.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $89,023 ▲ 17% above avg |
|---|---|
| Median Home Value | $311,400 ▲ 12% above avg |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $1,010/mo |
| Total Housing Units | 3,654 |
| Vacant Units | 272 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Cannon Falls is a city in Minnesota, located in Goodhue County. The city spans 1 ZIP code and is home to approximately 8,258 residents. It is a middle-aged city, with a median age of 44.4 years.
Economically, Cannon Falls is a middle-income community. The median household income of $89,023 is above the national average. Approximately 5.6% of residents live below the poverty line. The unemployment rate is 1.7%, well below the national average.
The real estate market in Cannon Falls is a mid-range housing market. Median home values stand at $311,400, which is near the national average. Renters typically pay around $1,010 per month. Homeownership is high at 83.0%, typical of suburban and family-oriented communities.
The population of Cannon Falls is well-educated. 42.4% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (92.79%).
Cannon Falls, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55009 | 8,258 | $89,023 | $311,400 | $1,010 | 1.7% | 42.4% | 83.0% |