Cost of Living in Redwood Falls, MN
Population 5,075 · Minnesota · Data vintage 2023
(100 = US avg)
Redwood Falls sits on the smaller end of the Minnesota city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 1.1% — below most comparable cities in the state.
Redwood Falls lies roughly 95 miles west of the nearest major metro, Minneapolis — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 53% lower than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Redwood Falls
The median home value in Redwood Falls is $162,000 — 47% below the national median of $305,000. Median rent runs $824/month, 37% lower than the national median of $1,314/month. The median household income of $61,947/year is 17% lower than the US median of $74,580. The local unemployment rate is 1.1%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. The climate averages highs of 55.5°F and lows of 35.2°F. Overall, Redwood Falls has a cost of living index of 57 versus the US average of 100, meaning it is 43% less expensive.
Redwood Falls has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 23 | 28 | 41 | 57 | 70 | 80 | 84 | 81 | 74 | 59 | 42 | 28 |
| Low °F | 6 | 10 | 23 | 35 | 48 | 58 | 62 | 59 | 50 | 37 | 24 | 12 |
| Precip" | 0.58 | 0.67 | 1.50 | 2.64 | 3.65 | 4.66 | 3.37 | 4.00 | 2.85 | 2.21 | 1.19 | 0.69 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Redwood Falls, MN?
Redwood Falls has a cost index of 57 (100 = national average). It is 43% below the national average.
What is average rent in Redwood Falls, MN?
The median gross rent in Redwood Falls is $824 per month based on 2023 Census data.
What is the average home price in Redwood Falls?
The median home value in Redwood Falls is $162,000 according to Zillow and Census data.
What is the median income in Redwood Falls?
The median household income in Redwood Falls is $61,947 per year (2023 ACS 5-year estimates).
What is the sales tax in Redwood Falls, MN?
The combined state and local sales tax rate in Redwood Falls is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Redwood Falls, MN affordable?
Yes, Redwood Falls is generally considered affordable, with a cost of living index of 57 — about 43% below the US national average of 100.
What is the weather like in Redwood Falls?
Redwood Falls has average high temperatures of 55.5°F and average lows of 35.2°F. Annual precipitation is 28". Data from NOAA 1991–2020 Climate Normals.
Redwood Falls at a Glance
- Population
- 5,075
- Median Income
- $61,947
- Home Value
- $162,000
- Median Rent
- $824/mo
- Unemployment
- 1.1%
- Avg High Temp
- 55.5°F
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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