Canton, MN vs Taylors Falls, MN

The cost of living difference between Canton, MN and Taylors Falls, MN is dramatic. Canton is 34.2% cheaper than Taylors Falls, a gap that translates to thousands of dollars per year in household expenses. Canton has a cost index of 57 while Taylors Falls sits at 87, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Canton is $583/month compared to $985/month in Taylors Falls — a 41% difference. Home values follow the same pattern: Canton is more affordable at $88,400 median vs $256,000.

Median household income in Canton is $50,556 compared to $61,548 in Taylors Falls (-17.9%). The higher salaries in Taylors Falls partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Canton spend roughly 13.8% of their income on rent, less than the 19.2% in Taylors Falls.