B-

Redwood Falls, MN

Source:

Affordability Score: 67/100

Population: 6,636 · 1 ZIP codes

The affordability dashboard for Redwood Falls, MN aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 6,636 residents, then layers in county-level federal data to produce an overall grade of B- (67/100). The headline inputs are median household income of $66,352, median home value of $176,800, median rent of $831 per month, and 25.7% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $973 per month (studio $671, 1BR $742, 3BR $1,321, 4BR $1,566). Department of Labor data lists infant center-based childcare at $9,100 per year, consuming 14% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Redwood Falls, MN include housing, commute, rent. Unemployment currently reads 2.7% and poverty 14.5% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C-
$66,352
Median household income
Education D
25.7%
Bachelor's degree or higher
Housing B+
2.7x
Home value $176,800 vs income
Commute A
14 min
Average commute time
Rent A-
$973/mo
2BR fair market rent (18% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare C
$9,100/yr
Center-based infant care (14% of income)

Income & Employment

Median Income
$66,352
▲ 7% vs national
Per Capita Income
$35,449
Unemployment Rate
2.7%
Poverty Rate
14.5%

Housing

Median Home Value
$176,800
▼ 36% vs national
Median Rent
$831/mo
Owner Occupied
73.1%
2BR Fair Market Rent
$973/mo
▼ 19% vs national

Fair Market Rents by Bedroom

Studio
$671
1BR
$742
2BR
$973
3BR
$1,321
4BR
$1,566

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
25.7%
▼ 4 ppt vs national
High School+
63.9%
Median Age
42.5
Avg. Commute
14 min
▼ 12 min vs national

Childcare Costs

Infant (Center)
$9,100/yr
14% of income
Toddler (Center)
$8,372/yr
Preschool (Center)
$7,644/yr
School-Age (Center)
$5,692/yr

What This Means

Redwood Falls, MN receives an overall affordability grade of B- (67/100), aggregated from 1 ZIP codes with a total population of 6,636. This area performs well in housing and commute and rent. Data was unavailable for safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

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What are common questions about this dashboard?

Is Redwood Falls, MN affordable?
Redwood Falls, MN receives an overall affordability grade of B- (67/100) based on Census, HUD, FBI, and DOL data. Median household income is $66,352. Median home value is $176,800.
What is the cost of living in Redwood Falls?
Key cost metrics: Median rent $831/mo. 2BR fair market rent $973/mo. Infant childcare $9,100/yr. Median home value $176,800.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →