What is the median household income in Red Lake Falls, MN?
The median household income in Red Lake Falls, MN is $64,342 (±$3,957) a year (2020–2024 American Community Survey).
Paying the median gross rent of $511 a month would take about $20,400 a year at the common guideline of spending no more than 30% of income on rent.
In Red Lake Falls, the median household income went from $49,632 in 2015–2019 to $64,342 in 2020–2024 (+29.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $64,342 (±$3,957)
- Median renter income
- $37,917 (±$12,995)
- Income to afford median rent
- about $20,400
Income in Red Lake Falls against Red Lake County, its state and the nation
| Red Lake Falls | Red Lake County | Minnesota | United States | |
|---|---|---|---|---|
| Median household income | $64,342 (±$3,957) | $77,188 (±$6,316) | $89,062 (±$409) | $80,734 |
| Median renter household income | $37,917 (±$12,995) | $39,306 (±$9,111) | $51,080 (±$531) | $52,966 |
| Median owner household income | $69,750 (±$15,890) | $87,500 (±$11,287) | $108,214 (±$476) | $100,009 |
| Median gross rent | $511 (±$53) | $583 (±$78) | $1,280 (±$7) | $1,413 |
In Red Lake Falls, median household income is lower than in Red Lake County ($77,188).
It is also lower than in Minnesota ($89,062).
It is lower than the national figure ($80,734).
In Red Lake County, Red Lake Falls ranks 11 of 15 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 2031 of 2,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Red Lake Falls
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $511 a month ($6,132 a year) needs an income of about $20,400 a year.
The median renting household in Red Lake Falls earns $37,917 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $49,632 (±$6,949) | $64,342 (±$3,957) | +29.6% | No measurable change after inflation |
| Median gross rent | $547 (±$171) | $511 (±$53) | −6.6% | No measurable change after inflation |
| Median home value | $112,300 (±$9,726) | $139,300 (±$16,260) | +24.0% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Red Lake Falls
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Red Lake Falls | — | $64,342 (±$3,957) | — |
| Red Lake Falls Township | 0.9 mi | $72,500 (±$49,081) | Not measurably different |
| Browns Creek Township | 4.5 mi | $106,250 (±$86,220) | Not measurably different |
| Gervais Township | 5.2 mi | $112,500 (±$39,562) | Higher |
| Lake Pleasant Township | 5.6 mi | $116,250 (±$60,225) | Not measurably different |
| Louisville Township (Red Lake County) | 6.9 mi | $62,262 (±$14,953) | Not measurably different |
| River Township | 6.9 mi | $82,125 (±$35,784) | Not measurably different |
| Black River Township | 7.5 mi | $71,250 (±$25,323) | Not measurably different |
| Terrebonne Township | 7.6 mi | $61,750 (±$12,351) | Not measurably different |
Nearby places with a measurably higher figure: Gervais Township, MN ($112,500).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Red Lake County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 5 | Gervais Township | $112,500 (±$39,562) |
| 6 | Browns Creek Township | $106,250 (±$86,220) |
| 7 | Emardville Township | $98,500 (±$43,942) |
| 8 | River Township | $82,125 (±$35,784) |
| 9 | Plummer | $76,458 (±$22,169) |
| 10 | Red Lake Falls Township | $72,500 (±$49,081) |
| 11 | Red Lake Falls | $64,342 (±$3,957) |
| 12 | Louisville Township (Red Lake County) | $62,262 (±$14,953) |
| 13 | Oklee | $62,188 (±$25,163) |
| 14 | Brooks | $62,143 (±$35,914) |
| 15 | Terrebonne Township | $61,750 (±$12,351) |
Showing 11 of 15 places in Red Lake County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Red Lake Falls
What is the median household income in Red Lake Falls?
The median household income in Red Lake Falls is $64,342 (±$3,957) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Red Lake Falls?
About $20,400 a year, if rent is to stay at or below 30% of income at the median gross rent of $511 a month.
Have incomes in Red Lake Falls kept up with inflation?
In Red Lake Falls, the median household income went from $49,632 in 2015–2019 to $64,342 in 2020–2024 (+29.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Red Lake Falls?
The median renting household in Red Lake Falls, MN earns $37,917 (±$12,995) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Red Lake Falls city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Red Lake Falls city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Red Lake Falls city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Red Lake Falls city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Red Lake Falls city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Red Lake Falls city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Red Lake Falls city, Minnesota (place:53476, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Median rent in Red Lake Falls
- Renters and owners in Red Lake Falls
- Home values in Red Lake Falls
- Homeowner costs in Red Lake Falls
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- Bedrooms in Red Lake Falls
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- Population growth in Red Lake Falls
- How long people stay in Red Lake Falls
- Minnesota landlord and tenant rules
- Housing across Red Lake County
- Minnesota places ranked by median household income
- Housing data for every place in Minnesota