| Index | Red Wing | Minnesota | National |
| Cost of living | 99 | 100 | 100 |
| Groceries | 100 | 100 | 100 |
| Health care | 99 | 100 | 100 |
| Housing | 98 | 100 | 100 |
| Transportation | 98 | 100 | 100 |
| Utilities | 104 | 104 | 100 |
| Lifestyle & Entertainment | 97 | 100 | 100 |
| Household Items | 100 | 100 | 100 |
| Education & Childcare | 97 | 99 | 100 |
The cost of living in Red Wing affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Red Wing is 99, which is 1% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Red Wing aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Red Wing residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Red Wing an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Red Wing is 0.8% higher than the national average, while the average monthly rent prices are 9% lower than average. The affordability of any location can also be influenced by median income levels. Red Wing has a median household income of $86,170, which is 5.9% higher than the national average.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Red Wing, healthcare costs are 0.8% lower than the national average.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Red Wing, the groceries index is 0.4% higher than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Red Wing, the prevailing sales tax rate starts at 6.875%, and income tax rates kick off at 5.35%.
The cost of living data for Red Wing shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $109,757 | $9,146 | $2,561 | $3,293 |
| Renters | $46,581 | $3,882 | $1,087 | $1,398 |
| State | General Sales Tax | With Max Surtax |
| Minnesota | 6.875% | 7.875% |
| State | Income Tax (Low) | Income Tax (High) |
| Minnesota | 5.35% | 9.85% |
| City | Population | Cost of Living Index | National Avg. |
| Bay City, WI | 458 | 91 | 8.7% |
| Maiden Rock, WI | 86 | 92 | 7.7% |
| Ellsworth, WI | 3,384 | 95 | 5.1% |
| Frontenac, MN | 197 | 98 | 2.4% |
| Bellechester, MN | 161 | 98 | 1.9% |
| Red Wing, MN | 16,808 | 99 | 1.1% |
| City | Population | Cost of Living Index | National Avg. |
| Cañon City, CO | 16,810 | 103 | 2.7% |
| Ammon, ID | 16,800 | 105 | 4.5% |
| Brunswick, GA | 16,817 | 88 | 11.6% |
| Gainesville, VA | 16,819 | 150 | 49.5% |
| Port Washington, NY | 16,824 | 195 | 95.3% |
| Red Wing, MN | 16,808 | 99 | 1.1% |
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