Cost of Living in Cannon Falls, MN

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A
1%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
3%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Cannon Falls Minnesota National
Cost of living101100100
Groceries102100100
Health care99100100
Housing103100100
Transportation98100100
Utilities102104100
Lifestyle & Entertainment95100100
Household Items100100100
Education & Childcare10399100
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Homes For Sale In Cannon Falls, MN

property for sale

5904 325th St

Cannon Falls, MN
property for sale

126 Floyd St S #1

Cannon Falls, MN
property for sale

642 Union Ct

Cannon Falls, MN
property for sale

1102 Park St W #4

Cannon Falls, MN

Cost Of Living Quick Facts

  • The cost of living in Cannon Falls is 1% higher than the Minnesota average
  • The cost of living in Cannon Falls is 1% higher than the national average
  • Cannon Falls housing is 3% higher than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Cannon Falls

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Compare Cannon Falls, MN Cost of Living

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      Salary Calculator

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      Utilities index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$110,936$9,245$2,588$3,328
      Renters$41,555$3,463$970$1,247
      A good way to judge both the affordability of the housing and the cost of living in Cannon Falls is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Cannon Falls has a median income of about $110,936 for people who own homes. Based on that number, a maximum of $2,588 should be spent on expenses related to housing. Renters have a slightly different median income, which is $41,555. Based on this average, renters should spend no more than $970 on all rental costs if they want to maintain a non-impoverished standard of living.

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Wanamingo, MN1,141954.9%
      Nerstrand, MN315982.5%
      Goodhue, MN1,216990.8%
      New Trier, MN87981.9%
      Coates, MN1451011.5%
      Cannon Falls, MN4,1541010.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tierra Verde, FL4,15315453.8%
      Fremont, MI4,1538811.8%
      Centerville, MN4,15511111.1%
      Ovilla, TX4,15511615.8%
      Amity Gardens, PA4,1521099.5%
      Cannon Falls, MN4,1541010.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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