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EconPulse

Local economy signal dashboard

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PLACEStable

Cannon Falls, MN

Stable overall. Federal Funds is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score65out of 100
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44
54
76
77
97

Population

4,227

Data freshness

Unknown

GDP / Output

+0.7% YoY

44

$3.9B

Output changed +0.7% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

54

4.8%

Unemployment is 4.8% for June 2026.

Vintage date unknown

State avg4.1%
U.S. avg5.2%

Population

+4.3% 5-year

76

4,227

Population moved +4.3% over the latest ACS window.

Vintage date unknown

State population5,739,445
U.S. population334,922,499

Housing

Rent share of income

77

16.6%

Median rent consumes 16.6% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.7K per resident

97

$367.0M

$367.0M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$242.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$367.0M

$7.7K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$296.0M
2. Department of Veterans Affairs$25.0M
3. Department of Agriculture$21.3M

Top recipients

Dollars
1. REDACTED DUE TO PII$18.0M
2. MINNESOTA DEPARTMENT OF TRANSPORTATION$9.0M
3. THREE RIVERS COMMUNITY ACTION, INC.$2.6M

Affordable

Housing Affordability

16.6%

of median income

1BR estimate$952
2BR estimate$1,254
Median income$84,097
Median home value$263,300

ACS context

Quick Facts

Population

4,227

Median age

43.4

Bachelor's degree+

24.7%

Poverty rate

9.2%

Labor force participation

66.9%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.8%

GDP CAGR

+5.4%

Federal flow

5 years

Population (5 years)
20204,053
20214,198
20224,214
20234,216
20244,227
GDP (5 years)
2020$3.0B
2021$3.4B
2022$3.7B
2023$3.9B
2024$3.9B

2-year linear forecast

Predictive Outlook

Population forecast

20244,227
20254,291 *
20264,328 *

R² = 63.5% · * projected

GDP forecast

2024$3.9B
2025$4.3B *
2026$4.5B *

R² = 90.6% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$84,097/yr
Median rent$1,161/mo
Rent share of income16.6%
Est. mortgage (30yr, 6.5%)$15,977/yr
Mortgage share of income19.0%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.8%
State avg4.1%
U.S. avg5.2%
Labor force participation66.9%
Poverty rate9.2%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$263,300
Median monthly rent$1,161
Price-to-rent ratio18.9x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateModerate
Composite score58/100
Economic growth44/100
Labor market54/100
Population momentum76/100
Overall stability65/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Cannon Falls city, Minnesota

City/Town

Part of

Red Wing, MN

Nearby locations

New Trier, MNRandolph, MNMiesville, MNHampton, MNDennison, MN