Hanley Falls, MN
Population 288 · Minnesota
About Hanley Falls, MN
Hanley Falls is a small community located in Minnesota with a population of 288 residents according to the latest US Census Bureau American Community Survey data. The median household income is $57,917 per year, which is 23% below the national median of $75,149. The median age of 30.3 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Hanley Falls features a median home value of $76,700, which is 69% below the national median of $244,900. This makes Hanley Falls one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $628, 46% below the national average of $1,163/month. Of the 131 total housing units, 54% are owner-occupied (67 units) and 46% are renter-occupied (58 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Hanley Falls shows an unemployment rate of 2.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.5%, above the national average of 12.4%. Workers in Hanley Falls have an average one-way commute time of 26.3 minutes.
Education & Demographics
8.0% of Hanley Falls 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 15.6% White, 5.2% Hispanic or Latino, 0.0% Black or African American, and 4.9% Asian residents, with 9.7% of the population being foreign-born.
Cost of Living in Hanley Falls, MN
Compared to national averages, Hanley Falls has a median household income of $57,917 (23% below the national median of $75,149). Home values average $76,700, which is 69% below the national median. Monthly rent at $628 is 46% below the US average of $1,163. Within Minnesota, Hanley Falls's income is 22% below the state average of $74,221, and home values are 62% below the state median of $204,472.
Why Live in Hanley Falls, MN?
Hanley Falls offers affordable housing with a median home value of $76,700, below the US average of $244,900, and rent that’s lower than the national average at $628/month, and a strong job market with an unemployment rate of just 2.6%.
Potential considerations include median household income ($57,917) that falls below the national average. However, Hanley Falls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hanley Falls has a population of 288 with a median age of 30.3 years. Compare Hanley Falls with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Hanley Falls
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Backus | 287 | $58,750 | $104,700 | Compare |
| Storden | 289 | $85,000 | $77,000 | Compare |
| St. Hilaire | 285 | $73,750 | $163,900 | Compare |
| Eitzen | 284 | $53,750 | $117,700 | Compare |
| Garfield | 295 | $70,250 | $162,500 | Compare |
| Middle River | 281 | $57,188 | $103,500 | Compare |
| Comfrey | 297 | $60,750 | $93,300 | Compare |
| Fairhaven | 279 | $92,143 | $237,100 | 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 Hanley Falls With Other Cities
Frequently Asked Questions about Hanley Falls
What is the population of Hanley Falls, MN?
The population of Hanley Falls, MN is 288 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 Hanley Falls?
The median household income in Hanley Falls, MN is $57,917 per year, which is 23% below the national median of $75,149.
What is the median home value in Hanley Falls?
The median home value in Hanley Falls, MN is $76,700, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hanley Falls?
The median monthly rent in Hanley Falls, MN is $628, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Hanley Falls?
The unemployment rate in Hanley Falls, MN is 2.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hanley Falls, MN a good place to live?
Hanley Falls offers a moderate cost of living, affordable housing, and a strong job market. With a population of 288 and a median age of 30.3, the city appeals to young professionals and families.
How educated is Hanley Falls, MN?
8.0% of residents in Hanley Falls 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 Hanley Falls?
Key cost-of-living indicators for Hanley Falls, MN: median home value is $76,700 (69% below national), median rent is $628/month, and median household income is $57,917. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hanley Falls?
The poverty rate in Hanley Falls, MN is 13.5%, 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 Hanley Falls, MN?
Hanley Falls's population is 15.6% White, 5.2% Hispanic or Latino, 0.0% Black or African American, 4.9% Asian, and 0.0% two or more races. 9.7% of residents are foreign-born.