Cannon Falls, MN
Population 4,216 · Minnesota
About Cannon Falls, MN
Cannon Falls is a small community in Minnesota with a population of 4,216 residents. The median household income is $80,515 per year, which is above the national average. The median age in Cannon Falls is 45.3 years.
Housing in Cannon Falls has a median home value of $262,100 and median monthly rent of $983. Of the 2,037 total housing units, the majority are owner-occupied, with 1,391 owner-occupied and 468 renter-occupied units.
The unemployment rate in Cannon Falls is 0.6% and the poverty rate is 5.8%. 21.9% of residents hold a bachelor's degree or higher. The average commute time is 28.5 minutes.
How Cannon Falls Ranks in Minnesota
Cost of Living in Cannon Falls, MN
Compared to national averages, Cannon Falls has a median household income of $80,515 (7% above the national median of $75,149). Home values average $262,100, which is 7% above the national median. Monthly rent at $983 is 15% below the US average of $1,163. Within Minnesota, Cannon Falls's income is 8% above the state average of $74,221, and home values are 28% above the state median of $204,472.
Why Live in Cannon Falls, MN?
Cannon Falls offers a strong local economy with a median household income of $80,515, well above the national average, and rent that’s lower than the national average at $983/month, and a strong job market with an unemployment rate of just 0.6%. Additionally, the city features a low poverty rate of 5.8%, better than the national average.
Cannon Falls has a population of 4,216 with a median age of 45.3 years. Compare Cannon Falls with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Cannon Falls
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Columbus | 4,211 | $117,917 | $439,200 | Compare |
| Park Rapids | 4,226 | $45,800 | $218,500 | Compare |
| Le Sueur | 4,204 | $71,563 | $216,700 | Compare |
| Cold Spring | 4,201 | $72,022 | $242,000 | Compare |
| Pipestone | 4,165 | $61,442 | $102,000 | Compare |
| Rice Lake | 4,120 | $95,347 | $283,700 | Compare |
| Goodview | 4,104 | $75,375 | $215,200 | Compare |
| Wadena | 4,361 | $45,850 | $158,700 | 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 Cannon Falls With Other Cities
Frequently Asked Questions about Cannon Falls
What is the population of Cannon Falls, MN?
The population of Cannon Falls, MN is 4,216 according to the latest Census data.
What is the median household income in Cannon Falls?
The median household income in Cannon Falls, MN is $80,515 per year.
What is the median home value in Cannon Falls?
The median home value in Cannon Falls, MN is $262,100.
What is the average rent in Cannon Falls?
The median monthly rent in Cannon Falls, MN is $983.
What is the unemployment rate in Cannon Falls?
The unemployment rate in Cannon Falls, MN is 0.6%.