Living in Red Lake Falls, Minnesota
Cost of living, income, home prices, rent and demographics of Red Lake Falls · Census data 2020–2024
Red Lake Falls has 1,348 residents with a median age of 42.3. The median household income is $64,342 (28% lower than the Minnesota median), the median home value is $139,300, the median rent is $511/month.
Red Lake Falls is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Red Lake Falls at a glance
- Population
- 1,348
- Median age
- 42.3State: 38.8
- Median household income
- $64,342State: $89,062
- Median home value
- $139,300State: $329,300
- Median rent
- $511/moState: $1,280
- Homeowners
- 80.4%
- Bachelor's degree or higher
- 17.9%
- Average commute
- 21 min
Is Red Lake Falls a good place to live?
Pros: Home values 58% lower than the state median; an average commute of 21 minutes; unemployment of 1.9%; a poverty rate of 5.9%.
Cons: Median household income 28% lower than the Minnesota median.
The weather is best in June to September.
Cost of living in Red Lake Falls
Housing is the biggest part of the cost of living. In Red Lake Falls the median home value is $139,300, 58% lower than the U.S. median. Renters pay a median of $511 per month, which is 18.5% of household income. Homeowners with a mortgage pay $1,348 a month in housing costs.
Red Lake Falls median household income
The median household income in Red Lake Falls is $64,342 and the income per person is $36,377. 5.9% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Red Lake Falls: homes for sale and rent
- Housing units
- 649
- Owner-occupied
- 80.4%
- Renter-occupied
- 19.6%
- Vacant
- 9.7%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.25
Red Lake Falls demographics
- Population
- 1,348
- Median age
- 42.3
- Under 18
- 26%
- 65 and older
- 22.6%
- Households
- 586
- Foreign-born
- 1.6%
- Veterans
- 11.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Red Lake Falls ›
Education in Red Lake Falls
17.9% of adults 25 and older in Red Lake Falls have a bachelor's degree or higher (Minnesota: 39.4%), and 4.5% have a graduate or professional degree.
Jobs and commute in Red Lake Falls
- Unemployment rate
- 1.9%State: 4.1%
- Average commute
- 21 minState: 23 min
- Work from home
- 9.9%
- Drive alone
- 67.5%
- Public transit
- 0.6%
- Walk to work
- 3.1%
- Homes with broadband
- 81.2%
Red Lake Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Red Lake Falls | 1,348 | $64,342 | $139,300 | $511 |
| St. Hilaire | 259 | $75,000 | $179,500 | $1,056 |
| Plummer | 369 | $76,458 | $125,000 | $810 |
| Brooks | 133 | $62,143 | $96,800 | $470 |
| Mentor | 131 | $41,667 | $80,700 | $675 |
| Thief River Falls | 8,823 | $71,144 | $175,400 | $838 |
| Crookston | 7,344 | $57,315 | $185,600 | $848 |
| Erskine | 427 | $44,844 | $117,100 | $825 |
| Oklee | 383 | $62,188 | $122,000 | $604 |
More for people moving to Red Lake Falls
Red Lake Falls ZIP code ›Weather and climate ›Living in Red Lake Falls: FAQ
What is the median household income in Red Lake Falls, MN?
The median household income in Red Lake Falls is $64,342, 28% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Red Lake Falls?
The median home value in Red Lake Falls is $139,300, compared with $329,300 in Minnesota.
How much is rent in Red Lake Falls?
The median gross rent in Red Lake Falls is $511 per month, about 18.5% of household income.
Is Red Lake Falls, MN a good place to live?
Pluses: home values 58% lower than the state median; an average commute of 21 minutes; unemployment of 1.9%; a poverty rate of 5.9%. Minuses: median household income 28% lower than the Minnesota median.
What is the median age in Red Lake Falls?
The median age in Red Lake Falls is 42.3 years (Minnesota: 38.8).
How long is the commute in Red Lake Falls?
The average commute to work in Red Lake Falls is 21 minutes; 9.9% of workers work from home.
What is the unemployment rate in Red Lake Falls?
The unemployment rate in Red Lake Falls is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Red Lake Falls?
17.9% of adults in Red Lake Falls have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: