Redwood Falls, MN
5,068Residents
$61,750Median household income
$832/moMedian gross rent
$162,100Median home value
43.2Median age
24%Adults with a bachelor’s degree or higher
68%Homes lived in by their owners
2.6×Home value to household income
Median rent takes about 16% of the median household income in Redwood Falls.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $33,000 a year. In Minnesota that leaves roughly $2,204 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.