Taylors Falls, MN

Full City Profile · Minnesota · Polk County County

3.7 /5.0
B+ Good
1,208 Population 303/sq mi density
$61,548 Median Income $37,329 per capita
$256,000 Home Value $357,232 Zillow
$985 Median Rent 35.0% income on rent
44°F Avg Temperature
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$61,548 median income, 2.4% unemployment
A
Affordability
4.3 / 5.0
$256,000 home value, $985/mo rent
C+
Education
2.7 / 5.0
20.7% bachelor's degree or higher

Taylors Falls, MN

At a Glance

Median Income
$61,548
18% below
$37,329 per capita
Home Value
$256,000
9% below
Zillow: $357,232
Median Rent
$985/mo
15% below
35.0% of income on rent
Bachelor's Degree+
20.7%
39% below
97.1% high school+
Unemployment
2.4%
33% below
6.2% poverty rate
Obesity Rate
35.9%
12% above
14.6% smoking rate
Avg Temperature
44°F

How Taylors Falls Compares to the U.S. Average

Each bar shows Taylors Falls's value as a percentage of the national average (100% = U.S. avg)

Income
82%
Home Value
91%
Rent
85%
Poverty
50%
Bachelor's
61%
Unemployment
67%
Thin vertical line = U.S. national average (100%)

Is Taylors Falls a Good Place to Live?

B+
3.7 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Taylors Falls residents earn a median household income of $61,548 , which is 18% below the national average of $75,149. Per capita income is $37,329. The unemployment rate stands at 2.4% (33% below the U.S. rate of 3.6%). 6.2% of residents live below the poverty line. The area is home to 1,311 business establishments, including 136 restaurants.

Housing & Cost of Living

The median home value in Taylors Falls is $256,000 , 9% below the national median of $281,900. Zillow estimates the typical home at $357,232. Median rent is $985/month, with 35.0% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1973.

Education

20.7% of adults in Taylors Falls hold a bachelor's degree or higher (39% below the national average). 97.1% have completed high school. Local schools score 6.1/10 in standardized testing.

Climate & Weather

Taylors Falls has an average annual temperature of 44°F (7°C). Winters average 13°F in January while summers reach 71°F in July. Annual precipitation totals 30.5 inches.

Data Overview

People

Population1,208
Median Age42.2 yrs
Density303/mi²
Male / Female49% / 52%
Foreign Born1.2%
Veterans5.5%

Economy

A
Median Income$61,548
Per Capita$37,329
Unemployment2.4%
Poverty6.2%
County GDP$2,185M
Avg Weekly Wage$919

Housing

A
Home Value$256,000
Rent$985
Ownership76.4%
Zillow$357,232
Housing Units573
Rent Burden35.0%

Health

Obesity35.9%
Diabetes8.3%
Smoking14.6%
Heart Disease4.9%
Premature Death7,642/100K

Climate

Avg Temp44°F
Rain30.5 in/yr
Elevation1,061 ft

Education

C+
Bachelor's+20.7%
High School+97.1%
Graduate+5.9%
School Score6.1/10

Community

2024 VoteR 65% / D 34%
Commute36 min
Broadband92.7%
Internet Speed123 Mbps
EV Stations1
Libraries10

Did You Know?

The median home in Taylors Falls was built in 1973.
The nearest airport is New Richmond Regional (19 miles).
The Gini coefficient (income inequality) is 0.401 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
10.9% of the population has a disability.
Average internet download speed is 123 Mbps.
There are 136 restaurants in the area.
The county recorded 6 fatal vehicle crashes.