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Taylors Falls, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,167
Population
$67,885
Median Income
$275,200
Home Value
40.5
Median Age

Demographics

Taylors Falls has a population of 1,167 with a median age of 40.5. Here is the racial and ethnic breakdown of the population:

White
93.9%
Hispanic
3.1%
Other
3.0%
Demographic Value
Total Population1,167
Median Age40.5
White93.9%
Hispanic or Latino3.1%
Other / Two or More Races3.0%
Taylors Falls, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 93.9%Hispanic/Latino: 3.1%Other: 3.0%1,167PopulationWhiteWhite93.9%Hispanic/LatinoHispanic/Latino3.1%OtherOther3.0%

Income & Economy

The median household income in Taylors Falls is $67,885, which is 15.8% below the national median of $80,610. The per capita income is $39,935. The poverty rate is 5.4%.

$67,885
Median Household Income
$39,935
Per Capita Income
5.4%
Poverty Rate

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Education

In Taylors Falls, 98.2% of residents age 25+ have a high school diploma or higher, and 24.4% hold a bachelor's degree or higher (8.6% with a graduate or professional degree).

HS Diploma+
98.2%
Bachelor's+
24.4%
Graduate+
8.6%
Education Level % of Adults (25+)
High School Diploma or Higher98.2%
Bachelor's Degree or Higher24.4%
Graduate or Professional Degree8.6%

Housing

The median home value in Taylors Falls is $275,200, below the national median of $303,400. The median monthly rent is $1,074. The homeownership rate is 80.9%.

$275,200
Median Home Value
$1,074/mo
Median Rent
80.9%
Homeownership Rate
Housing Metric Value
Median Home Value$275,200
Median Monthly Rent$1,074
Homeownership Rate80.9%
Vacancy Rate11.8%

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Frequently Asked Questions

What is the population of Taylors Falls, Minnesota?
The population of Taylors Falls, Minnesota is 1,167 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Taylors Falls, Minnesota?
The median household income in Taylors Falls, Minnesota is $67,885. This is 15.8% below the national median of $80,610.
What is the median home value in Taylors Falls, Minnesota?
The median home value in Taylors Falls, Minnesota is $275,200. The median monthly rent is $1,074.
What percentage of people in Taylors Falls have a college degree?
In Taylors Falls, Minnesota, 24.4% of adults age 25 and older hold a bachelor's degree or higher, and 98.2% have a high school diploma or higher.
Is Taylors Falls, Minnesota an affordable place to live?
The home price-to-income ratio in Taylors Falls, Minnesota is 4.1x (median home value $275,200 vs. median income $67,885), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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