Taylors Falls, MN Profile: Facts & Data

Taylors Falls, Minnesota - Basic Facts

The City of Taylors Falls had a population of 1,094 as of July 1, 2024.

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 City of Taylors Falls 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.

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Taylors Falls, MN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,094 (100%)
Population in Households	1,084 (99.1%)
Population in Families	879 (80.3%)
Population in Group Quarters¹	10 ( 0.9%)
Population Density	275
Diversity Index²	20


INCOME
Median Household Income	$81,545
Average Household Income	$106,751
% of Income for Mortgage⁴	27%
Per Capita Income	$45,779
Wealth Index⁵	93
Socioeconomic Status Index⁶	Moderate (59.3)

HOUSING
Total HU (Housing Units)	506 (100%)
Owner Occupied HU	380 (75.1%)
Renter Occupied HU	89 (17.6%)
Vacant Housing Units	37 ( 7.3%)
Median Home Value	$344,828
Average Home Value	$350,724
Housing Affordability Index³	90

HOUSEHOLDS
Total Households	469
Average Household Size	2.31
Family Households	309
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

506 (100%)

Owner Occupied HU

380 (75.1%)

Renter Occupied HU

89 (17.6%)

Vacant Housing Units

37 ( 7.3%)

Median Home Value

$344,828

Average Home Value

$350,724

Housing Affordability Index³

HOUSEHOLDS

Total Households

469

Average Household Size

2.31

Family Households

309

Average Family Size

3.00

NOTES

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.
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 races 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.
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.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.86%	0.22%
Households	0.66%	0.42%
Families		0.51%
Median Household Income		3.59%
Per Capita Income		2.41%
Owner Occupied HU		1.08%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.86%

0.22%

Households

0.66%

0.42%

Families

0.51%

Median Household Income

3.59%

Per Capita Income

2.41%

Owner Occupied HU

1.08%

Taylors Falls, MN - Peer Comparisons by Rank and Percentile

The table below compares Taylors Falls to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2024 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	# 349	62nd
Population Density	# 648	29th
Median Household Income	# 370	60th
Housing Affordability Index	# 321	35th
Per Capita Income	# 295	68th
Diversity Index	# 476	48th

Variable Description

Rank

Percentile

Total Population

# 349

62nd

Population Density

# 648

29th

Median Household Income

# 370

60th

Housing Affordability Index

# 321

35th

Per Capita Income

# 295

68th

Diversity Index

# 476

48th

Minnesota Census Data Comparison Tool

Taylors Falls, MN Profile: Facts & Data

Taylors Falls, Minnesota - Basic Facts

Taylors Falls, MN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Taylors Falls, MN - Peer Comparisons by Rank and Percentile

Taylors Falls, MN - Most Popular Things to Do

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Chisago County