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Falcon Heights has a population of approximately 5,388 and experiences a population change rate of -3.30%. The population density is 2,410.7 / sq mi .
The median household income for Falcon Heights is $77,685, with 2,098 households and an average household size of 2.34.
The median value of a home in Falcon Heights is $372,700 with an appreciation rate of 9.20%. 55.55% of housing in the state is owned while 42.22% is rented.
The cost of living in Falcon Heights is 123.2 %.
The unemployment rate in Falcon Heights is 2.60%, and recent job growth is at 0.57%. Future job growth is projected at 31.94%.
The sales tax rate in Falcon Heights is 8.03%, while the income tax rate is 6.80% .
School expenditures in Falcon Heights are $20,143, and the school ratio is 15.3:1.
The average high temperature in July is 83.4 degrees, with an average low temperature in January of 7.1 degrees. The average rainfall is approximately 32 inches per year, with 52.4 inches of snow per year.