Canby, MN vs Cannon Falls, MN

There is a significant gap in the cost of living between these two cities. Canby is 28.7% cheaper than Cannon Falls. With a cost index of 63 vs 88, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Canby to Cannon Falls should plan for substantially higher expenses across most categories.

On the housing front, median rent in Canby is $600/month compared to $983/month in Cannon Falls — a 39% difference. Home values follow the same pattern: Canby is more affordable at $131,800 median vs $262,100.

Median household income in Canby is $58,839 compared to $80,515 in Cannon Falls (-26.9%). The higher salaries in Cannon Falls partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Canby spend roughly 12.2% of their income on rent, less than the 14.7% in Cannon Falls.