Cannon Falls, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Cannon Falls, Minnesota had a total population of 4,227, the 173rd largest city in Minnesota, with a median household income of $84,097, which is 6% lower than the state average. The poverty rate is 9.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Near full employment with an unemployment rate of just 1.7%.
Cannon Falls Quick Facts
How Cannon Falls Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 4,216 | 4,227 | +0.3% |
| Median household income | $80,515 | $84,097 | +4.4% |
| Median home value | $262,100 | $263,300 | +0.5% |
How Cannon Falls Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Cannon Falls Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Goodhue County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Red Wing | 16,758 | $67,192 | 13.8% | $237,300 |
| Lake City | 5,034 | $72,244 | 5.9% | $238,700 |
| Zumbrota | 3,914 | $78,156 | 7.2% | $249,300 |
| Kenyon | 1,824 | $82,500 | 13.6% | $216,800 |
| Wanamingo | 1,389 | $71,731 | 13.4% | $269,200 |
| Goodhue | 1,074 | $89,398 | 17.0% | $243,500 |
| Bellechester | 227 | $64,167 | 8.4% | $196,300 |
| Frontenac | 188 | $88,542 | 3.2% | $266,700 |
Cities Similar to Cannon Falls
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Le Sueur | 4,215 | $78,711 | $244,000 | 25.2% | 12.8% |
| Rice Lake | 4,153 | $89,663 | $309,600 | 33.9% | 7.2% |
| Cold Spring | 4,249 | $72,228 | $280,400 | 31.0% | 9.8% |
| Goodview | 4,103 | $74,712 | $254,200 | 34.5% | 5.9% |
| St. Charles | 4,037 | $96,200 | $256,600 | 33.3% | 3.2% |
Population Overview
Cannon Falls is a small community located in Minnesota, within Goodhue County. The total population is 4,227. It ranks as the 173rd most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Cannon Falls is 43.4 years. This is 12% higher than the state median of 38.8 years. 10.1% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Cannon Falls is $84,097. This is 6% lower than the state median of $89,062. It is also 4% higher than the national median of $80,734. The poverty rate stands at 9.2%. This is 1% lower than the state poverty rate of 9.3%. The unemployment rate is 1.7%. This is 58% lower than the state rate of 4.1%. The median home value is $263,300. Housing costs are 20% lower than the state median of $329,300. The home-value-to-income ratio is 3.1x. 73.3% of occupied housing units are owner-occupied. This homeownership rate is 2% higher than the state average of 72.2%.
Race & Ethnicity
Cannon Falls has a predominantly White (non-Hispanic) population, comprising 91.1% of all residents. Black or African American residents account for 0.6%. The Black or African American population (0.6%) is well below the state average of 7.0%. The Asian population (0.1%) is well below the state average of 5.1%.
Education
24.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 37% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.3%.
Data Sources & Methodology
All demographic data for Cannon Falls, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Cannon Falls, Minnesota?
Cannon Falls, Minnesota has a population of 4,227 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Cannon Falls, MN?
The median household income in Cannon Falls is $84,097, which is 4% higher than the national median of $80,734.
What is the poverty rate in Cannon Falls, MN?
The poverty rate in Cannon Falls is 9.2%. This means approximately 381 residents live below the federal poverty line.
What is the racial makeup of Cannon Falls, Minnesota?
Cannon Falls's population is 91.1% White, 0.6% Black, 0.0% Hispanic/Latino, and 0.1% Asian.
What is the median home value in Cannon Falls, MN?
The median home value in Cannon Falls is $263,300. The home-value-to-income ratio is 3.1x.
How educated is Cannon Falls, Minnesota?
24.7% of adults (25+) in Cannon Falls hold a bachelor's degree or higher, and 5.1% hold a graduate or professional degree.