Red Lake Falls, MN
Full City Profile · Minnesota · Red Lake County County
Red Lake Falls, MN
At a Glance
How Red Lake Falls Compares to the U.S. Average
Each bar shows Red Lake Falls's value as a percentage of the national average (100% = U.S. avg)
Is Red Lake Falls a Good Place to Live?
Economy & Jobs
Red Lake Falls residents earn a median household income of $63,929 , which is 15% below the national average of $75,149. Per capita income is $35,806. The unemployment rate stands at 1.9% (47% below the U.S. rate of 3.6%). 2.6% of residents live below the poverty line. The area is home to 126 business establishments, including 13 restaurants.
Housing & Cost of Living
The median home value in Red Lake Falls is $132,300 , 53% below the national median of $281,900. Zillow estimates the typical home at $209,405. Median rent is $568/month, with 21.6% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1971.
Education
16.5% of adults in Red Lake Falls hold a bachelor's degree or higher (51% below the national average). 94.6% have completed high school. Local schools score 5.9/10 in standardized testing.
Climate & Weather
Red Lake Falls has an average annual temperature of 40°F (4°C). Winters average 6°F in January while summers reach 69°F in July. Annual precipitation totals 24.3 inches.