Last updated: 2024 BLS data · Page refreshed:
Redwood Falls has a population of 5,068 with a median age of 43.2. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 5,068 |
| Median Age | 43.2 |
| White | 89.5% |
| Hispanic or Latino | 5.7% |
| Other / Two or More Races | 4.8% |
The median household income in Redwood Falls is $61,750, which is 23.4% below the national median of $80,610. The per capita income is $32,604. The poverty rate is 17.2%.
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In Redwood Falls, 93.4% of residents age 25+ have a high school diploma or higher, and 24.3% hold a bachelor's degree or higher (8.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.4% |
| Bachelor's Degree or Higher | 24.3% |
| Graduate or Professional Degree | 8.1% |
The median home value in Redwood Falls is $162,100, below the national median of $303,400. The median monthly rent is $832. The homeownership rate is 68.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $162,100 |
| Median Monthly Rent | $832 |
| Homeownership Rate | 68.3% |
| Vacancy Rate | 12.1% |
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