Everything You Should Know Before Moving to Fall Lake, MN
Considering a move to Fall Lake, MN? This small, scenic community of 590 offers affordable living, with a median home price around $340,000 and average rent at $980. Residents enjoy a low crime rate, a relaxed average commute of 25 minutes, and easy access to outdoor adventure and nearby healthcare in Ely. With a high high-school graduation rate, friendly neighborhoods, and crisp North Woods climate with 54% sunny days, Fall Lake is ideal for those seeking tranquility and nature.
Demographics - Fall Lake, MN
Demographics - Fall Lake, MN
Fall Lake is a quiet, rural community with a population of about 590, characterized by a low population density and a median age of 56. Most residents identify as White, and the area has a slightly higher proportion of males to females. The community is predominantly English-speaking, offering a peaceful environment for those seeking a slower pace of life.
Population:
590
Density:
1.5 per sq mi
Median Age:
56.4
Gender Ratio:
105 males per 100 females
Non-English Speakers Percentage:
3.1%
Ethnic Composition
White:
96.5%
Black:
0.2%
Asian:
0.7%
Others:
2.6%
Cost Of Living
What is the average cost of living in Fall Lake, MN?
The cost of living in Fall Lake is slightly below the national average, with a median home value of $340,000 and typical rent around $980 per month. Utilities and groceries are reasonably priced, and overall expenses are manageable for most households. State income tax rates range from 5.35% to 9.85%, making budgeting straightforward for new residents.
Median House Value:
$340,000
Gross Rent:
$980
Monthly Electricity Charges:
$145
Auto Insurance:
$1,320
House Owner Cost With Mortgage:
$1,360
House Owner Cost Without Mortgage:
$520
State Taxes:
Low:
5.35%
|
High:
9.85%
Cost Of Living Index:
98.7
Grocery:
97.1
Housing:
95.3
Utilities:
101.8
Transportation:
98.2
Health Care:
104.5
Miscellaneous:
97.5
Crime
Is Fall Lake, MN a safe place to live?
Fall Lake boasts a notably low crime rate, with violent crimes occurring at just 90 incidents per 100,000 people and property crimes at 850 per 100,000. This means residents enjoy a safe, close-knit environment with a low risk of both violent and property-related offenses. The chances of experiencing violent crime are about 1 in 1,110, contributing to the town’s sense of security.
Violent Crimes Per 100k:
90
Property Crimes Per 100k:
850
Crime Index:
940
Chance Of Violent Crime:
1 in 1,110
Chance Of Property Crime:
1 in 118
Weather
What is the weather like in Fall Lake, MN year-round?
Fall Lake experiences the full range of Minnesota seasons, with cold winters dipping to -6°F, mild summers reaching up to 76°F, and pleasant transitions in spring and fall. The area receives about 27 inches of rainfall annually and enjoys sunshine 54% of the year. This climate supports a variety of outdoor activities throughout the changing seasons.
Winter
Min:
-6°F
Max:
16°F
Spring
Min:
28°F
Max:
55°F
Summer
Min:
51°F
Max:
76°F
Fall
Min:
33°F
Max:
56°F
Average Rainfall Inches:
27.2 inches
Sunny Days Percentage:
54%
Neighbors
Residents in Fall Lake benefit from a strong sense of community, with a median household income of $67,500 and a relatively low poverty rate of 8.9%. Most neighbors have high school diplomas, and about one-third hold bachelor’s degrees or higher. The average commute is 25.7 minutes, and local employment is stable with an unemployment rate of just 3.2%.
Median Income:
$38,700
Household Income:
$67,500
Family Income:
$82,000
Per Capita Income:
$38,000
Income Male:
$48,000
Income Female:
$37,000
Poverty Rate:
8.9%
Non English Speakers:
3.1%
Rent:
$980
Unemployment Rate:
3.2%
Public Transport Usage:
0.0%
Commute Time:
25.7 minutes
Education
High School or Higher:
94.5%
Bachelors or More:
33.2%
Education
How are the schools in Fall Lake, MN?
Education in Fall Lake includes access to Ely Memorial High School, which offers a low student-to-teacher ratio, fostering a supportive learning environment. Higher education opportunities are available nearby at Vermilion Community College, located just 14 miles away. The community values education, with high rates of high school completion and college attendance.
Public Schools
Name:
Ely Memorial High School
Street:
600 E Harvey St
Phone:
218-365-6166
Students:
240
Student Teacher Ratio:
12.4
Colleges
Name:
Vermilion Community College
City:
Ely
State:
MN
Distance:
14 miles
Students:
600
Healthcare
Fall Lake is served by nearby Ely-Bloomenson Community Hospital, providing general and emergency services within a short drive. About 95% of residents have health insurance, and there are 1.3 physicians per 1,000 people, ensuring access to essential healthcare. The community’s healthcare index reflects solid, reliable medical support for locals.
Major Hospitals
Name:
Ely-Bloomenson Community Hospital
Address:
328 W Conan St, Ely, MN 55731
Phone:
(218) 365-3271
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.3
Health Insurance Coverage:
94.7%
Health Care Index:
75.9
Housing Market
What is the housing market like in Fall Lake, MN?
The Fall Lake housing market is stable, with a median home price of $340,000 and an average rent for a two-bedroom apartment at $980. Owner-occupancy is high at over 92%, and home values have appreciated by 4.1% in the past year. The area has a low foreclosure rate, making it an attractive place for long-term residents.
Median Home Price:
$340,000
Average Rent For 2 Bedroom:
$980
Owner Occupied Rate:
92.1%
Rental Vacancy Rate:
6.7%
Home Appreciation Rate (1yr):
4.1%
New Construction Rate:
0.8%
Foreclosure Rate:
0.2%
DMV Information
Fall Lake residents are served by the Minnesota Department of Public Safety for driver and vehicle services, headquartered in St. Paul. Essential DMV needs, such as licensing and registration, are accessible online or via the state office. The department provides comprehensive resources for both new and existing drivers.
State:
Minnesota
Department:
Minnesota Department of Public Safety – Driver and Vehicle Services
Address:
445 Minnesota St., Suite 190, St. Paul, MN 55101
Phone:
651-297-2126
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.