Lake City vs Redwood Falls
Side-by-side comparison
How does Lake City, MN compare to Redwood Falls, MN? Lake City has a population of 5,021 with a median household income of $76,125, while Redwood Falls has 5,075 residents and a median income of $61,947. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Lake City, MN | Redwood Falls, MN | Difference |
|---|---|---|---|
| Population | 5,021 | 5,075 | -1.1% |
| Median Age | 48.4 | 43.1 | +12.3% |
| Foreign Born % | 2.7% | 1% | +170.0% |
| Metric | Lake City | Redwood Falls | Difference |
|---|---|---|---|
| Median Income | $76,125 | $61,947 | +22.9% |
| Unemployment | 0.4% | 1.1% | -63.6% |
| Poverty Rate | 6.5% | 15.2% | -57.2% |
| Bachelor's+ | 32% | 22.1% | +44.8% |
| Metric | Lake City | Redwood Falls | Difference |
|---|---|---|---|
| Home Value | $234,100 | $162,000 | +44.5% |
| Median Rent | $1022/mo | $824/mo | +24.0% |
| Housing Units | 2,682 | 2,473 | +8.5% |