Canton, Minnesota Median Income

Canton, Minnesota has a population of 315, with a median household income of $48,600.

Current median income data for Canton.

$48,600

👥

Population

315

💰

Median Income

$48,600

📉

Unemployment

4.20%

🏠

Housing Price

$135,000

🚨

Crime Rate

14.80

🌐

Internet Speed

100.00 Mbps

Canton is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Canton, located in Minnesota, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Canton has a population of 315, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Canton is $48,600, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Canton is about $135,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Canton is 4.20%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Canton are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Minnesota, Canton shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Minnesota, Canton contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Canton

What is the population of Canton?

The population of Canton is approximately 315.

Is Canton a good place to live?

Canton offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Canton?

The median household income in Canton is around $48,600.

How expensive is housing in Canton?

The average housing price in Canton is approximately $135,000.