Taylors Falls, MN
Population 1,208 · Minnesota
About Taylors Falls, MN
Taylors Falls is a small community in Minnesota with a population of 1,208 residents. The median household income is $61,548 per year, which is near the national average. The median age in Taylors Falls is 42.2 years.
Housing in Taylors Falls has a median home value of $256,000 and median monthly rent of $985. Of the 563 total housing units, the majority are owner-occupied, with 388 owner-occupied and 120 renter-occupied units.
The unemployment rate in Taylors Falls is 2.4% and the poverty rate is 4.8%. 20.7% of residents hold a bachelor's degree or higher. The average commute time is 36.1 minutes.
Cost of Living in Taylors Falls, MN
Compared to national averages, Taylors Falls has a median household income of $61,548 (18% below the national median of $75,149). Home values average $256,000, which is 5% above the national median. Monthly rent at $985 is 15% below the US average of $1,163. Within Minnesota, Taylors Falls's income is 17% below the state average of $74,221, and home values are 25% above the state median of $204,472.
Why Live in Taylors Falls, MN?
Taylors Falls offers rent that’s lower than the national average at $985/month, and a strong job market with an unemployment rate of just 2.4%, and a low poverty rate of 4.8%, better than the national average.
Potential considerations include median household income ($61,548) that falls below the national average. However, Taylors Falls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Taylors Falls has a population of 1,208 with a median age of 42.2 years. Compare Taylors Falls with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Taylors Falls
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Edgerton | 1,207 | $66,739 | $132,800 | Compare |
| Martin Lake | 1,203 | $120,705 | $426,100 | Compare |
| Atwater | 1,217 | $66,071 | $144,300 | Compare |
| Bagley | 1,218 | $53,417 | $135,100 | Compare |
| Medford | 1,194 | $98,375 | $234,300 | Compare |
| Spicer | 1,222 | $76,406 | $278,500 | Compare |
| Spring Grove | 1,223 | $60,221 | $148,200 | Compare |
| Truman | 1,223 | $59,095 | $100,200 | 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.
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Frequently Asked Questions about Taylors Falls
What is the population of Taylors Falls, MN?
The population of Taylors Falls, MN is 1,208 according to the latest Census data.
What is the median household income in Taylors Falls?
The median household income in Taylors Falls, MN is $61,548 per year.
What is the median home value in Taylors Falls?
The median home value in Taylors Falls, MN is $256,000.
What is the average rent in Taylors Falls?
The median monthly rent in Taylors Falls, MN is $985.
What is the unemployment rate in Taylors Falls?
The unemployment rate in Taylors Falls, MN is 2.4%.