Cannon Falls, Minnesota is a vibrant place to live with many options for entertainment and recreation. It has several local companies such as Andersen Windows, Bandana Inc, and Cannon Valley Co-Op that offer great career opportunities. The cost of living in Cannon Falls is quite affordable. According to statistics, the average rent for a two bedroom apartment in Cannon Falls is $1,190 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Cannon Falls is also 100 compared to 100 in the US. Therefore, Cannon Falls is an attractive destination for people looking for a good quality of life at a reasonable price.
Cannon Falls has an unemployment rate of 4.6%. The US average is 6.0%.
Cannon Falls has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Cannon Falls
- The Sales Tax Rate for Cannon Falls is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cannon Falls is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cannon Falls
- The average income of a Cannon Falls resident is $26,746 a year. The US average is $28,555 a year.
- The Median household income of a Cannon Falls resident is $68,317 a year. The US average is $69,021 a year.