B-

Cannon Falls, MN

Source:

Affordability Score: 65/100

Population: 8,030 · 1 ZIP codes

The affordability dashboard for Cannon Falls, MN aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 8,030 residents, then layers in county-level federal data to produce an overall grade of B- (65/100). The headline inputs are median household income of $91,295, median home value of $331,300, median rent of $1,172 per month, and 28.6% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,095 per month (studio $755, 1BR $901, 3BR $1,523, 4BR $1,837). Department of Labor data lists infant center-based childcare at $12,844 per year, consuming 14% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Cannon Falls, MN include income, rent. Unemployment currently reads 2.1% and poverty 7.0% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income B+
$91,295
Median household income
Education D
28.6%
Bachelor's degree or higher
Housing D
3.6x
Home value $331,300 vs income
Commute C
24 min
Average commute time
Rent A+
$1,095/mo
2BR fair market rent (14% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare C-
$12,844/yr
Center-based infant care (14% of income)

Income & Employment

Median Income
$91,295
▲ 47% vs national
Per Capita Income
$44,960
Unemployment Rate
2.1%
Poverty Rate
7.0%

Housing

Median Home Value
$331,300
▲ 20% vs national
Median Rent
$1,172/mo
Owner Occupied
81.9%
2BR Fair Market Rent
$1,095/mo
▼ 9% vs national

Fair Market Rents by Bedroom

Studio
$755
1BR
$901
2BR
$1,095
3BR
$1,523
4BR
$1,837

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
28.6%
▼ 1 ppt vs national
High School+
61.4%
Median Age
44.6
Avg. Commute
24 min
▼ 2 min vs national

Childcare Costs

Infant (Center)
$12,844/yr
14% of income
Toddler (Center)
$11,353/yr
Preschool (Center)
$10,695/yr
School-Age (Center)
$8,840/yr

What This Means

Cannon Falls, MN receives an overall affordability grade of B- (65/100), aggregated from 1 ZIP codes with a total population of 8,030. This area performs well in income and rent. Data was unavailable for safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Cannon Falls ZIP Codes
View all 1 ZIP codes with demographics and individual scorecards
View ZIPs →

What are common questions about this dashboard?

Is Cannon Falls, MN affordable?
Cannon Falls, MN receives an overall affordability grade of B- (65/100) based on Census, HUD, FBI, and DOL data. Median household income is $91,295. Median home value is $331,300.
What is the cost of living in Cannon Falls?
Key cost metrics: Median rent $1,172/mo. 2BR fair market rent $1,095/mo. Infant childcare $12,844/yr. Median home value $331,300.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →