HomeMinnesota › Redwood Falls

Redwood Falls, Minnesota

city · Redwood County (primary) , Renville County

At a glance

5,068
Population
$162,100
Median home value (all homes)
47% below U.S. median
$176,724
Typical market value
Zillow, 2026-07
$832/mo
Median rent
38% below U.S. median
$61,750
Median household income
21% below U.S. median
13.5 min
Average commute
90.7%
Homes with broadband
39.75%
Locations with fiber available
3.3%
Unemployment

Cost of living (Clay Affordability Index)

CAI 87 — 13% below the national average. how it's computed

Housing29% below
Goods & services6% below
Utilities4% above
Taxes12% below
Insurance6% below
Commute cost52% below
For business: Minnesota is CBII band 3/5 · time to build band 4/5. See state page for the breakdown.

Living here

Nearest 4-year college32 mi
Nearest community college29 mi
Nearest technical college61 mi
High school graduates93.4%
College graduates24.3%

Doing business here

Economic development contacts, most local first:

city Redwood Falls Economic Development
The City of Redwood Falls Business and Housing Development works to expand business opportunities and housing in Redwood Falls, MN, offering development opportunities for commercial, business park, housing, and workforce development with zoning and development resources for developers, businesses, and residents.
county Redwood Area Development Corp
An economic development organization formed in 1986 serving Redwood County and six member communities, providing business resources, grant writing services, and loans and scholarships through associated foundations.
region Mid-Minnesota Development Commission
The MMDC collaborates with businesses, organizations, and local units of government to improve the region and promote thoughtful development, leadership, entrepreneurship, collaboration, and equity throughout Kandiyohi, McLeod, Meeker, and Renville Counties.
state Arrowhead Regional Development Commission
ARDC is a multi-disciplined planning and development organization serving the seven-county Arrowhead Region in northeast Minnesota. Its mission is to provide local units of government and citizen groups a means to work cooperatively in identifying needs, solving problems, and fostering local leadership to promote economic growth.
state Economic Dev Association of Minnesota
EDAM champions economic development through education, collaboration and advocacy. It is a state-wide association of professionals who specialize in economic development, with members in public, private, and nonprofit sectors who stay informed and connected to current economic development strategies and best practices.
state Minnesota Dept of Empl & Economic Dev
Minnesota's state agency that provides employment services, workforce development, unemployment insurance support, business financing, and economic development programs for residents and businesses.
state Minnesota Power Economic Development
Minnesota Power has the resources, connections and experience to help companies find sites and secure capital for expansion and relocation projects in our service area. It also provides private sector leadership in economic development.
state North Saint Paul Economic Development
The North St. Paul Economic Development Authority (EDA) was established to precipitate future development, increase the tax base, promote employment, and enhance the overall quality of life in North St. Paul; it sets goals, meets regularly, and can provide momentum and a vision for economic development.
State sales taxYes
State income taxYes
Right-to-work stateNo

Similar towns nearby

Delhi, MN 6 mi · pop 33
Morton, MN 7 mi · pop 384 · $78k
Seaforth, MN 11 mi · pop 100
Belview, MN 11 mi · pop 362 · $94k
Clements, MN 11 mi · pop 109 · $63k