Canby, MN
Population 1,563 · Minnesota
About Canby, MN
Canby is a small town located in Minnesota with a population of 1,563 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,839 per year, which is 22% below the national median of $75,149. The median age of 40.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Canby features a median home value of $131,800, which is 46% below the national median of $244,900. This makes Canby one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $600, 48% below the national average of $1,163/month. Of the 805 total housing units, 83% are owner-occupied (553 units) and 17% are renter-occupied (116 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Canby shows an unemployment rate of 6.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Canby have an average one-way commute time of 18.2 minutes, one of the shorter commutes in the region.
Education & Demographics
17.4% of Canby residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 3.3% White, 2.1% Hispanic or Latino, 0.0% Black or African American, and 0.5% Asian residents, with 1.9% of the population being foreign-born.
Cost of Living in Canby, MN
Compared to national averages, Canby has a median household income of $58,839 (22% below the national median of $75,149). Home values average $131,800, which is 46% below the national median. Monthly rent at $600 is 48% below the US average of $1,163. Within Minnesota, Canby's income is 21% below the state average of $74,221, and home values are 36% below the state median of $204,472.
Why Live in Canby, MN?
Canby offers affordable housing with a median home value of $131,800, below the US average of $244,900, and rent that’s lower than the national average at $600/month, and a low poverty rate of 12.0%, better than the national average. Additionally, the city features short commute times averaging just 18.2 minutes.
Potential considerations include median household income ($58,839) that falls below the national average. However, Canby’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Canby has a population of 1,563 with a median age of 40.5 years. Compare Canby with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Canby
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pierz | 1,581 | $55,438 | $155,700 | Compare |
| Frazee | 1,595 | $49,000 | $166,800 | Compare |
| Minneota | 1,531 | $72,396 | $158,100 | Compare |
| St. John's University | 1,615 | $0 | $0 | Compare |
| Lakeland | 1,510 | $101,339 | $357,700 | Compare |
| Madison | 1,507 | $56,435 | $104,600 | Compare |
| Red Lake | 1,506 | $55,092 | $136,000 | Compare |
| Clara City | 1,497 | $58,431 | $116,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Canby With Other Cities
Frequently Asked Questions about Canby
What is the population of Canby, MN?
The population of Canby, MN is 1,563 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Canby?
The median household income in Canby, MN is $58,839 per year, which is 22% below the national median of $75,149.
What is the median home value in Canby?
The median home value in Canby, MN is $131,800, which is 46% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Canby?
The median monthly rent in Canby, MN is $600, which is 48% below the national average of $1,163/month.
What is the unemployment rate in Canby?
The unemployment rate in Canby, MN is 6.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Canby, MN a good place to live?
Canby offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,563 and a median age of 40.5, the city appeals to a broad range of residents.
How educated is Canby, MN?
17.4% of residents in Canby aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Canby?
Key cost-of-living indicators for Canby, MN: median home value is $131,800 (46% below national), median rent is $600/month, and median household income is $58,839. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Canby?
The poverty rate in Canby, MN is 12.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Canby, MN?
Canby's population is 3.3% White, 2.1% Hispanic or Latino, 0.0% Black or African American, 0.5% Asian, and 0.0% two or more races. 1.9% of residents are foreign-born.