Minnesota · Census place 53476
Red Lake Falls city, MN
Quick answer
Red Lake Falls city has 1,267 residents, ranking #322 of 914 places in Minnesota. Median household income is $63,929, the median home is worth $132,300 and median gross rent runs $568 a month.
- Population
- 1,267Red Lake Falls city residents
- Median household income
- $63,929Past 12 months, inflation adjusted
- Median home value
- $132,300Owner-occupied units
- Median gross rent
- $568Rent plus utilities, monthly
- Median age
- 44.4 yrsAll residents
- Homeownership rate
- 81.5%Owner-occupied households
What the numbers mean in Red Lake Falls city
Housing cost measured against local earnings.
A household earning the Red Lake Falls city median would spend about 10.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.6% of residents and 81.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Glyndon city 1,286
- Fosston city 1,283
- Winthrop city 1,275
- Goodhue city 1,261
- Winnebago city 1,247
- Keewatin city 1,229
- Spring Grove city 1,223
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