Taylors Falls, MN Profile: Facts & Data

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Taylors Falls, Minnesota - Basic Facts

The City of Taylors Falls had a population of 1,076 as of July 1, 2019.

The primary coordinate point for Taylors Falls is located at latitude 45.4019 and longitude -92.6524 in Chisago County. The formal boundaries for the City of Taylors Falls encompass a land area of 3.95 sq. miles and a water area of 0.29 sq. miles. Chisago County is in the Central time zone (GMT -6). The elevation is 751 feet.

The City of Taylors Falls (GNIS ID: 2396034) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Taylors Falls: City of Taylors Falls, Taylor's Falls.

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  1. Taylors Falls 2019 Demographic Data
  2. Growth Rates for Taylors Falls (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2019 Demographics

Taylors Falls, MN - Most Popular Things to Do

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Taylors Falls, MN Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Taylors Falls, MN Housing Affordability Index is 176
State of Minnesota Housing Affordability Index is 135
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Taylors Falls, MN Wealth Index is 82
State of Minnesota Wealth Index is 112
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Minnesota COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 1,076 (100%)
Population in Households 1,072 (99.6%)
Population in Families 884 (82.2%)
Population in Group Quarters1 4 ( 0.4%)
Population Density 273
Diversity Index2 14
 

INCOME

Median Household Income $70,789
Average Household Income $80,990
Per Capita Income $30,938
Wealth Index4 82

HOUSING

Total Housing Units 501 (100%)
Owner Occupied HU 387 (77.2%)
Renter Occupied HU 67 (13.4%)
Vacant Housing Units 47 ( 9.4%)
Median Home Value $210,897
Housing Affordability Index3 176
 

HOUSEHOLDS

Total Households 454
Average Household Size 2.36
Family Households 318
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 1.06% 0.82%
Households 1.03% 0.82%
Families 2.16% 0.68%
Median Household Income   2.5%
Per Capita Income   2.63%

Taylors Falls, MN - Peer Comparisons by Rank and Percentile

The table below compares Taylors Falls to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 353 61st
Population Density # 644 29th
Diversity Index # 455 49th
Median Household Income # 224 75th
Per Capita Income # 444 51st

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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