Canton, MN
Population 409 · Minnesota
About Canton, MN
Canton is a small community located in Minnesota with a population of 409 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,556 per year, which is 33% below the national median of $75,149. The median age of 39.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Canton features a median home value of $88,400, which is 64% below the national median of $244,900. This makes Canton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $583, 50% below the national average of $1,163/month. Of the 185 total housing units, 82% are owner-occupied (151 units) and 18% are renter-occupied (33 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Canton shows an unemployment rate of 6.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 19.6%, above the national average of 12.4%. Workers in Canton have an average one-way commute time of 23.8 minutes.
Education & Demographics
16.3% of Canton 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 2.4% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.4% of the population being foreign-born.
Cost of Living in Canton, MN
Compared to national averages, Canton has a median household income of $50,556 (33% below the national median of $75,149). Home values average $88,400, which is 64% below the national median. Monthly rent at $583 is 50% below the US average of $1,163. Within Minnesota, Canton's income is 32% below the state average of $74,221, and home values are 57% below the state median of $204,472.
Why Live in Canton, MN?
Canton offers affordable housing with a median home value of $88,400, below the US average of $244,900, and rent that’s lower than the national average at $583/month, and short commute times averaging just 23.8 minutes.
Potential considerations include median household income ($50,556) that falls below the national average. However, Canton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Canton has a population of 409 with a median age of 39.2 years. Compare Canton with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Canton
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Minnetonka Beach | 410 | $250,001 | $2,000,001 | Compare |
| Ashby | 411 | $55,250 | $125,000 | Compare |
| Pine Springs | 412 | $167,750 | $613,600 | Compare |
| Altura | 413 | $65,833 | $171,900 | Compare |
| Wrenshall | 413 | $97,798 | $232,000 | Compare |
| Ulen | 417 | $60,208 | $137,500 | Compare |
| Hartland | 400 | $64,833 | $135,600 | Compare |
| Badger | 419 | $60,375 | $95,000 | 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 Canton With Other Cities
Frequently Asked Questions about Canton
What is the population of Canton, MN?
The population of Canton, MN is 409 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Canton?
The median household income in Canton, MN is $50,556 per year, which is 33% below the national median of $75,149.
What is the median home value in Canton?
The median home value in Canton, MN is $88,400, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Canton?
The median monthly rent in Canton, MN is $583, which is 50% below the national average of $1,163/month.
What is the unemployment rate in Canton?
The unemployment rate in Canton, MN is 6.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Canton, MN a good place to live?
Canton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 409 and a median age of 39.2, the city appeals to a broad range of residents.
How educated is Canton, MN?
16.3% of residents in Canton 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 Canton?
Key cost-of-living indicators for Canton, MN: median home value is $88,400 (64% below national), median rent is $583/month, and median household income is $50,556. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Canton?
The poverty rate in Canton, MN is 19.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Canton, MN?
Canton's population is 2.4% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.9% two or more races. 2.4% of residents are foreign-born.