The median household income in Redwood Falls, MN in 2022 was $62,709, which was 31.3% less than the median annual income of $82,338 across the entire state of Minnesota. Compared to the median income of $38,812 in 2000 this represents an increase of 38.1%. The per capita income in 2022 was $32,113, which means an increase of 30.6% compared to 2000 when it was $22,279.
Whole page based on the data from 2000 / 2022 when the population of Redwood Falls, Minnesota was 5,459 / 5,111
Income statistics for all residents
Median household income in Redwood Falls, MN in 2022:
Redwood Falls:
$62,710
Minnesota:
$82,338
Change in median household income between 2000 and 2022:
Redwood Falls, Minnesota:
+61.6%
State:
+74.8%
Number of households with income < $10k:
Redwood Falls:
6.4% (138)
Minnesota:
4.3% (100,518)
Number of households with income $10k - 20k:
Redwood Falls:
8.4% (180)
State:
5.6% (130,945)
Number of households with income $20k - 30k:
Redwood Falls:
8.3% (179)
State:
6.1% (140,637)
Number of households with income $30k - 40k:
Redwood Falls:
6.8% (146)
State:
6.5% (151,862)
Number of households with income $40k - 50k:
Redwood Falls:
11.1% (240)
State:
6.7% (154,930)
Number of households with income $50k - 60k:
Redwood Falls:
7.3% (158)
State:
6.9% (159,181)
Number of households with income $60k - 75k:
Redwood Falls:
13.3% (287)
State:
9.4% (218,220)
Number of households with income $75k - 100k:
Redwood Falls:
13.9% (299)
State:
13.8% (319,951)
Number of households with income $100k - 125k:
Redwood Falls:
9.9% (214)
Minnesota:
10.8% (251,243)
Number of households with income $125k - 150k:
Redwood Falls:
4.5% (97)
State:
8.2% (190,349)
Number of households with income $150k - 200k:
Redwood Falls:
7.5% (161)
Minnesota:
10.2% (236,018)
Number of households with income > $200k:
Redwood Falls:
2.6% (56)
State:
11.6% (268,336)
Aggregate household income in Redwood Falls in 2022: $158,222,253
Median family income in Redwood Falls in 2022:
Redwood Falls:
$80,672
State:
$105,324
Number of families with income < $10k:
Redwood Falls:
2.9% (39)
Minnesota:
2.2% (31,728)
Number of families with income $10k - 20k:
Redwood Falls:
2.5% (33)
State:
2.5% (36,635)
Number of families with income $20k - 30k:
Redwood Falls:
5.2% (69)
Minnesota:
3.5% (50,742)
Number of families with income $30k - 40k:
Redwood Falls:
5.5% (73)
Minnesota:
4.4% (64,281)
Number of families with income $40k - 50k:
Redwood Falls:
8.7% (115)
State:
5.2% (76,436)
Number of families with income $50k - 60k:
Redwood Falls:
9.4% (124)
State:
5.7% (83,050)
Number of families with income $60k - 75k:
Redwood Falls:
10.4% (138)
State:
8.8% (127,783)
Number of families with income $75k - 100k:
Redwood Falls:
20.3% (268)
State:
14.7% (214,426)
Number of families with income $100k - 125k:
Redwood Falls:
13.3% (176)
Minnesota:
13.1% (190,094)
Number of families with income $125k - 150k:
Redwood Falls:
6.7% (89)
Minnesota:
10.3% (149,830)
Number of families with income $150k - 200k:
Redwood Falls:
10.9% (144)
State:
13.6% (197,479)
Number of families with income > $200k:
Redwood Falls:
4.2% (56)
State:
16.1% (233,828)
Median non-family income in Redwood Falls in 2022:
Redwood Falls:
$36,007
State:
$48,461
Change in median non-family income between 2000 and 2022:
Redwood Falls, Minnesota:
+66.1%
Minnesota:
+73.6%
Median per capita income in Redwood Falls in 2022:
Redwood Falls:
$32,114
Minnesota:
$45,021
Change in median per capita income between 2000 and 2022:
Redwood Falls, Minnesota:
+44.1%
Minnesota:
+94.1%
Income statistics for White residents
Median household income in Redwood Falls, MN in 2022:
Redwood Falls:
$62,928
State:
$85,697
Change in median household income between 2000 and 2022:
Redwood Falls, Minnesota:
+60.8%
Minnesota:
+77.5%
Number of households with income < $10k:
Redwood Falls:
5.1% (99)
State:
3.9% (74,145)
Number of households with income $10k - 20k:
Redwood Falls:
8.8% (170)
State:
5.1% (97,289)
Number of households with income $20k - 30k:
Redwood Falls:
7.1% (138)
State:
5.8% (111,536)
Number of households with income $30k - 40k:
Redwood Falls:
6.9% (133)
State:
6.2% (118,402)
Number of households with income $40k - 50k:
Redwood Falls:
12.0% (233)
Minnesota:
6.6% (126,331)
Number of households with income $50k - 60k:
Redwood Falls:
8.0% (155)
State:
6.8% (129,961)
Number of households with income $60k - 75k:
Redwood Falls:
14.4% (279)
State:
9.4% (181,337)
Number of households with income $75k - 100k:
Redwood Falls:
12.3% (239)
State:
13.8% (265,776)
Number of households with income $100k - 125k:
Redwood Falls:
10.5% (204)
State:
11.2% (214,803)
Number of households with income $125k - 150k:
Redwood Falls:
4.9% (94)
State:
8.6% (164,715)
Number of households with income $150k - 200k:
Redwood Falls:
7.1% (137)
Minnesota:
10.6% (203,283)
Number of households with income > $200k:
Redwood Falls:
2.8% (55)
Minnesota:
12.2% (233,694)
Aggregate household income in Redwood Falls in 2022: $144,080,621
Median family income in Redwood Falls in 2022:
Redwood Falls:
$78,961
State:
$110,049
Number of families with income < $10k:
Redwood Falls:
1.7% (20)
Minnesota:
1.5% (17,407)
Number of families with income $10k - 20k:
Redwood Falls:
2.8% (34)
State:
1.9% (22,955)
Number of families with income $20k - 30k:
Redwood Falls:
3.8% (46)
State:
2.9% (34,913)
Number of families with income $30k - 40k:
Redwood Falls:
5.8% (69)
Minnesota:
3.7% (44,598)
Number of families with income $40k - 50k:
Redwood Falls:
9.7% (116)
State:
4.9% (58,683)
Number of families with income $50k - 60k:
Redwood Falls:
10.1% (120)
State:
5.4% (64,644)
Number of families with income $60k - 75k:
Redwood Falls:
11.5% (137)
State:
8.9% (105,839)
Number of families with income $75k - 100k:
Redwood Falls:
17.4% (207)
State:
14.8% (177,106)
Number of families with income $100k - 125k:
Redwood Falls:
14.0% (167)
State:
13.6% (162,292)
Number of families with income $125k - 150k:
Redwood Falls:
7.3% (87)
State:
10.9% (130,417)
Number of families with income $150k - 200k:
Redwood Falls:
11.1% (132)
State:
14.3% (171,257)
Number of families with income > $200k:
Redwood Falls:
4.6% (54)
State:
17.1% (204,721)
Median non-family income in Redwood Falls in 2022:
Redwood Falls:
$37,429
State:
$49,920
Change in median non-family income between 2000 and 2022:
Redwood Falls, Minnesota:
+69.4%
State:
+76.0%
Median per capita income in Redwood Falls in 2022:
Redwood Falls:
$33,502
State:
$49,507
Change in median per capita income between 2000 and 2022:
Redwood Falls, Minnesota:
+50.3%
Minnesota:
+103.3%
Income statistics for Asian residents
Median per capita income in Redwood Falls in 2022:
Redwood Falls:
$23,930
State:
$39,496
Income statistics for Hispanic or Latino residents
Median household income in Redwood Falls, MN in 2022:
Redwood Falls:
$91,822
State:
$63,399
Number of households with income < $10k:
Redwood Falls:
0.0% (0)
State:
4.0% (3,834)
Number of households with income $10k - 20k:
Redwood Falls:
13.0% (6)
State:
6.1% (5,874)
Number of households with income $20k - 30k:
Redwood Falls:
0.0% (0)
State:
9.9% (9,526)
Number of households with income $30k - 40k:
Redwood Falls:
0.0% (0)
Minnesota:
10.1% (9,710)
Number of households with income $40k - 50k:
Redwood Falls:
0.0% (0)
Minnesota:
8.0% (7,724)
Number of households with income $50k - 60k:
Redwood Falls:
0.0% (0)
Minnesota:
9.6% (9,248)
Number of households with income $60k - 75k:
Redwood Falls:
0.0% (0)
Minnesota:
10.8% (10,444)
Number of households with income $75k - 100k:
Redwood Falls:
69.6% (32)
State:
15.0% (14,464)
Number of households with income $100k - 125k:
Redwood Falls:
0.0% (0)
Minnesota:
7.6% (7,348)
Number of households with income $125k - 150k:
Redwood Falls:
0.0% (0)
State:
5.1% (4,890)
Number of households with income $150k - 200k:
Redwood Falls:
17.4% (8)
Minnesota:
6.5% (6,257)
Number of households with income > $200k:
Redwood Falls:
0.0% (0)
Minnesota:
7.3% (7,057)
Aggregate household income in Redwood Falls in 2022: $4,468,828
Median per capita income in Redwood Falls in 2022:
Redwood Falls:
$27,456
State:
$27,748
Income statistics for American Indian and Alaska Native residents
Number of households with income < $10k:
Redwood Falls:
2.1% (1)
State:
9.0% (1,578)
Number of households with income $10k - 20k:
Redwood Falls:
0.0% (0)
State:
16.6% (2,922)
Number of households with income $20k - 30k:
Redwood Falls:
48.9% (23)
State:
10.4% (1,837)
Number of households with income $30k - 40k:
Redwood Falls:
0.0% (0)
State:
9.7% (1,699)
Number of households with income $40k - 50k:
Redwood Falls:
12.8% (6)
State:
8.8% (1,557)
Number of households with income $50k - 60k:
Redwood Falls:
0.0% (0)
State:
5.9% (1,033)
Number of households with income $60k - 75k:
Redwood Falls:
0.0% (0)
State:
7.3% (1,284)
Number of households with income $75k - 100k:
Redwood Falls:
0.0% (0)
State:
12.3% (2,163)
Number of households with income $100k - 125k:
Redwood Falls:
14.9% (7)
State:
8.9% (1,571)
Number of households with income $125k - 150k:
Redwood Falls:
0.0% (0)
State:
4.5% (796)
Number of households with income $150k - 200k:
Redwood Falls:
21.3% (10)
State:
3.0% (526)
Number of households with income > $200k:
Redwood Falls:
0.0% (0)
Minnesota:
3.6% (632)
Aggregate household income in Redwood Falls in 2022: $3,655,699
Median per capita income in Redwood Falls in 2022:
Redwood Falls:
$44,954
State:
$24,180
Change in median per capita income between 2000 and 2022:
Redwood Falls, Minnesota:
+94.6%
Minnesota:
+85.4%
Income statistics for Multirace residents
Number of households with income < $10k:
Redwood Falls:
38.2% (42)
State:
4.8% (5,071)
Number of households with income $10k - 20k:
Redwood Falls:
0.0% (0)
Minnesota:
7.2% (7,697)
Number of households with income $20k - 30k:
Redwood Falls:
21.8% (24)
Minnesota:
8.0% (8,495)
Number of households with income $30k - 40k:
Redwood Falls:
11.8% (13)
State:
8.9% (9,445)
Number of households with income $40k - 50k:
Redwood Falls:
0.0% (0)
State:
6.3% (6,680)
Number of households with income $50k - 60k:
Redwood Falls:
0.0% (0)
State:
6.7% (7,171)
Number of households with income $60k - 75k:
Redwood Falls:
0.0% (0)
State:
8.4% (8,916)
Number of households with income $75k - 100k:
Redwood Falls:
28.2% (31)
State:
13.8% (14,719)
Number of households with income $100k - 125k:
Redwood Falls:
0.0% (0)
State:
10.0% (10,590)
Number of households with income $125k - 150k:
Redwood Falls:
0.0% (0)
State:
7.3% (7,720)
Number of households with income $150k - 200k:
Redwood Falls:
0.0% (0)
State:
8.2% (8,751)
Number of households with income > $200k:
Redwood Falls:
0.0% (0)
Minnesota:
10.5% (11,170)
Aggregate household income in Redwood Falls in 2022: $3,711,294
Median per capita income in Redwood Falls in 2022:
Redwood Falls:
$5,828
Minnesota:
$28,529
Change in median per capita income between 2000 and 2022:: -84.4%
Redwood Falls, Minnesota:
-84.4%
Minnesota:
+155.0%
Income statistics for other residents
Median household income in Redwood Falls, MN in 2022:
Redwood Falls:
$99,407
State:
$65,473
Number of households with income < $10k:
Redwood Falls:
0.0% (0)
State:
5.5% (2,716)
Number of households with income $10k - 20k:
Redwood Falls:
13.3% (8)
State:
6.3% (3,106)
Number of households with income $20k - 30k:
Redwood Falls:
0.0% (0)
State:
6.7% (3,298)
Number of households with income $30k - 40k:
Redwood Falls:
0.0% (0)
Minnesota:
9.2% (4,529)
Number of households with income $40k - 50k:
Redwood Falls:
0.0% (0)
State:
8.6% (4,198)
Number of households with income $50k - 60k:
Redwood Falls:
0.0% (0)
State:
9.2% (4,519)
Number of households with income $60k - 75k:
Redwood Falls:
0.0% (0)
State:
10.8% (5,300)
Number of households with income $75k - 100k:
Redwood Falls:
66.7% (40)
State:
15.9% (7,771)
Number of households with income $100k - 125k:
Redwood Falls:
0.0% (0)
Minnesota:
8.6% (4,216)
Number of households with income $125k - 150k:
Redwood Falls:
0.0% (0)
State:
4.4% (2,178)
Number of households with income $150k - 200k:
Redwood Falls:
20.0% (12)
State:
7.3% (3,556)
Number of households with income > $200k:
Redwood Falls:
0.0% (0)
Minnesota:
7.3% (3,596)
Aggregate household income in Redwood Falls in 2022: $6,006,768
Median per capita income in Redwood Falls in 2022:
Redwood Falls:
$33,017
State:
$28,385
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-84.4%
+155.0%
