Red Lake Falls, MN
Population 1,267 · Minnesota
About Red Lake Falls, MN
Red Lake Falls is a small community in Minnesota with a population of 1,267 residents. The median household income is $63,929 per year, which is near the national average. The median age in Red Lake Falls is 44.4 years.
Housing in Red Lake Falls has a median home value of $132,300 and median monthly rent of $568. Of the 629 total housing units, the majority are owner-occupied, with 448 owner-occupied and 102 renter-occupied units.
The unemployment rate in Red Lake Falls is 1.9% and the poverty rate is 5.6%. 16.5% of residents hold a bachelor's degree or higher. The average commute time is 22.7 minutes.
Cost of Living in Red Lake Falls, MN
Compared to national averages, Red Lake Falls has a median household income of $63,929 (15% below the national median of $75,149). Home values average $132,300, which is 46% below the national median. Monthly rent at $568 is 51% below the US average of $1,163. Within Minnesota, Red Lake Falls's income is 14% below the state average of $74,221, and home values are 35% below the state median of $204,472.
Why Live in Red Lake Falls, MN?
Red Lake Falls offers affordable housing with a median home value of $132,300, below the US average of $244,900, and rent that’s lower than the national average at $568/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a low poverty rate of 5.6%, better than the national average, and short commute times averaging just 22.7 minutes.
Potential considerations include median household income ($63,929) that falls below the national average. However, Red Lake Falls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Red Lake Falls has a population of 1,267 with a median age of 44.4 years. Compare Red Lake Falls with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Red Lake Falls
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Goodhue | 1,261 | $86,731 | $230,300 | Compare |
| Winthrop | 1,275 | $67,375 | $157,400 | Compare |
| Fosston | 1,283 | $50,694 | $126,500 | Compare |
| Glyndon | 1,286 | $93,571 | $257,400 | Compare |
| Winnebago | 1,247 | $58,438 | $106,500 | Compare |
| Adrian | 1,288 | $74,100 | $172,000 | Compare |
| Menahga | 1,292 | $56,000 | $145,800 | Compare |
| Keewatin | 1,229 | $50,872 | $78,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Red Lake Falls
What is the population of Red Lake Falls, MN?
The population of Red Lake Falls, MN is 1,267 according to the latest Census data.
What is the median household income in Red Lake Falls?
The median household income in Red Lake Falls, MN is $63,929 per year.
What is the median home value in Red Lake Falls?
The median home value in Red Lake Falls, MN is $132,300.
What is the average rent in Red Lake Falls?
The median monthly rent in Red Lake Falls, MN is $568.
What is the unemployment rate in Red Lake Falls?
The unemployment rate in Red Lake Falls, MN is 1.9%.