Red Lake Falls, MN
Population 1,267 · Minnesota
About Red Lake Falls, MN
Red Lake Falls is a small town located in Minnesota with a population of 1,267 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,929 per year, which is 15% below the national median of $75,149. The median age of 44.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Red Lake Falls features a median home value of $132,300, which is 46% below the national median of $244,900. This makes Red Lake Falls one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $568, 51% below the national average of $1,163/month. Of the 629 total housing units, 81% are owner-occupied (448 units) and 19% are renter-occupied (102 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Red Lake Falls shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Red Lake Falls have an average one-way commute time of 22.7 minutes.
Education & Demographics
16.5% of Red Lake Falls residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 3.1% White, 6.6% Hispanic or Latino, 0.0% Black or African American, and 1.9% Asian residents, with 1.3% of the population being foreign-born.
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.
Compare Red Lake Falls With Other Cities
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 US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Red Lake Falls?
The median household income in Red Lake Falls, MN is $63,929 per year, which is 15% below the national median of $75,149.
What is the median home value in Red Lake Falls?
The median home value in Red Lake Falls, MN is $132,300, which is 46% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Red Lake Falls?
The median monthly rent in Red Lake Falls, MN is $568, which is 51% below the national average of $1,163/month.
What is the unemployment rate in Red Lake Falls?
The unemployment rate in Red Lake Falls, MN is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Red Lake Falls, MN a good place to live?
Red Lake Falls offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,267 and a median age of 44.4, the city appeals to a broad range of residents.
How educated is Red Lake Falls, MN?
16.5% of residents in Red Lake Falls aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Red Lake Falls?
Key cost-of-living indicators for Red Lake Falls, MN: median home value is $132,300 (46% below national), median rent is $568/month, and median household income is $63,929. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Red Lake Falls?
The poverty rate in Red Lake Falls, MN is 5.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Red Lake Falls, MN?
Red Lake Falls's population is 3.1% White, 6.6% Hispanic or Latino, 0.0% Black or African American, 1.9% Asian, and 0.7% two or more races. 1.3% of residents are foreign-born.