Redwood Falls vs Lake City
Side-by-side comparison
How does Redwood Falls, MN compare to Lake City, MN? Redwood Falls has a population of 5,075 with a median household income of $61,947, while Lake City has 5,021 residents and a median income of $76,125. Below you'll find a detailed breakdown of demographics, economy, and housing for both cities.
| Metric | Redwood Falls, MN | Lake City, MN | Difference |
|---|---|---|---|
| Population | 5,075 | 5,021 | +1.1% |
| Median Age | 43.1 | 48.4 | -11.0% |
| Foreign Born % | 1% | 2.7% | -63.0% |
| Metric | Redwood Falls | Lake City | Difference |
|---|---|---|---|
| Median Income | $61,947 | $76,125 | -18.6% |
| Unemployment | 1.1% | 0.4% | +70.0% |
| Poverty Rate | 15.2% | 6.5% | +133.8% |
| Bachelor's+ | 22.1% | 32% | -30.9% |
| Metric | Redwood Falls | Lake City | Difference |
|---|---|---|---|
| Home Value | $162,000 | $234,100 | -30.8% |
| Median Rent | $824/mo | $1022/mo | -19.4% |
| Housing Units | 2,473 | 2,682 | -7.8% |