Redwood Falls, MN Cost Of Living

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Updated: 2020-03-08
Redwood Falls's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Redwood Falls is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Redwood Falls, MN?

According to the most recent data on the cost of living, Redwood Falls has an overall cost of living index of 88 which is 0.9x lower than the national index of 100.

Compared to only Minnesota, Redwood Falls has a cost of living index that's 0.8x lower than Minnesota's index of 104.

The standard of living in Redwood Falls ranks as #1324 most affordable out of the 6522 places we measured in Minnesota. By definition, that implies Redwood Falls ranks as the #5083 most expensive place in the North Star State.

Redwood Falls Cost Of Living Vs. Minnesota

Living Expense Redwood Falls Minnesota National Average
Overall 88 104 100
Services 98 109 100
Groceries 103 106 100
Health 118 110 100
Housing 59 100 100
Transportation 99 100 100
Utilities 97 98 100
For more reading on cost of living around Minnesota, check out:
Redwood Falls Cost of Living Vs. MN

Redwood Falls, MN Housing Cost Breakdown

Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Redwood Falls Minnesota United States
Median Home Value $96,600 $211,800 $204,900
Median Rent $718 $944 $1,023
Median Income $50,247 $68,411 $60,293
Home Value To Income 1.9x 3.1x 3.4x
Rent To Monthly Income 0.17x 0.17x 0.2x

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Cost Of Living In Cities Around Redwood Falls

City Population Cost Of Living Vs. Redwood Falls
Willmar, MN 19,618 97 1.1x
Hutchinson, MN 13,882 99 1.1x
Marshall, MN 13,706 88 1.0x
New Ulm, MN 13,248 91 1.0x
Grove, OK 6,862 88 1.0x
Litchfield, MN 6,631 97 1.1x
Glencoe, MN 5,495 91 1.0x
Montevideo, MN 5,139 91 1.0x

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