Cannon Falls, MN Profile: Facts & Data

Cannon Falls, Minnesota - Basic Facts

The City of Cannon Falls had a population of 4,251 as of July 1, 2024.

The primary coordinate point for Cannon Falls is located at latitude 44.5069 and longitude -92.9055 in Goodhue County. The formal boundaries for the City of Cannon Falls encompass a land area of 4.38 sq. miles and a water area of 0.1 sq. miles. Goodhue County is in the Central time zone (GMT -6).

The City of Cannon 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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Cannon Falls, MN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	4,251 (100%)
Population in Households	4,222 (99.3%)
Population in Families	3,286 (77.3%)
Population in Group Quarters¹	29 ( 0.7%)
Population Density	943
Diversity Index²	18


INCOME
Median Household Income	$84,983
Average Household Income	$105,183
% of Income for Mortgage⁴	22%
Per Capita Income	$46,426
Wealth Index⁵	95
Socioeconomic Status Index⁶	Moderate (59.0)

HOUSING
Total HU (Housing Units)	1,981 (100%)
Owner Occupied HU	1,328 (67.0%)
Renter Occupied HU	548 (27.7%)
Vacant Housing Units	105 ( 5.3%)
Median Home Value	$291,765
Average Home Value	$298,212
Housing Affordability Index³	113

HOUSEHOLDS
Total Households	1,876
Average Household Size	2.25
Family Households	1,122
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,981 (100%)

Owner Occupied HU

1,328 (67.0%)

Renter Occupied HU

548 (27.7%)

Vacant Housing Units

105 ( 5.3%)

Median Home Value

$291,765

Average Home Value

$298,212

Housing Affordability Index³

113

HOUSEHOLDS

Total Households

1,876

Average Household Size

2.25

Family Households

1,122

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	0.17%	0.00%
Households	0.27%	0.16%
Families		0.16%
Median Household Income		3.64%
Per Capita Income		3.09%
Owner Occupied HU		0.84%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.17%

0.00%

Households

0.27%

0.16%

Families

0.16%

Median Household Income

3.64%

Per Capita Income

3.09%

Owner Occupied HU

0.84%

Cannon Falls, MN - Peer Comparisons by Rank and Percentile

The table below compares Cannon 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	# 171	81st
Population Density	# 301	67th
Median Household Income	# 311	66th
Housing Affordability Index	# 566	62nd
Per Capita Income	# 277	70th
Diversity Index	# 541	40th

Variable Description

Rank

Percentile

Total Population

# 171

81st

Population Density

# 301

67th

Median Household Income

# 311

66th

Housing Affordability Index

# 566

62nd

Per Capita Income

# 277

70th

Diversity Index

# 541

40th

Minnesota Census Data Comparison Tool

Cannon Falls, MN Profile: Facts & Data

Cannon Falls, Minnesota - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cannon Falls, MN - Peer Comparisons by Rank and Percentile

Cannon Falls, MN - Most Popular Things to Do

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