Redwood Falls, MN Employment - Median Household Income, Unemployment Rate

B-

5%

Income/capita NAT. AVG.

5%

Household income NAT. AVG.

85%

Unemployment NAT. AVG.

Index	Redwood Falls	Minnesota	National
Income per capita	$28,219	$33,225	$29,829
Median household income	$52,418	$63,217	$55,322
Median income owner occupied	$65,392	$77,618	$70,586
Median income renter occupied	$33,488	$34,348	$35,192
Median earnings male	$38,722	$40,933	$36,919
Median earnings female	$25,899	$29,114	$26,250
Unemployment rate	0.7%	3.4%	4.7%
Poverty level	11.9%	10.8%	15.1%

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Key findings

The income per capita in Redwood Falls is 5% lower than the national average
The median household income in Redwood Falls is 5% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Redwood Falls is 85% lower than the national average
The poverty level in Redwood Falls is 21% lower than the national average

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am i middle class

$34,941 $52,418 $104,836

City

$42,140 $63,217 $126,434

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Redwood Falls median earnings by income bracket

Redwood Falls employment by industry

Labour Type	Male	Female
Construction industry	12.6%	12.6%
Manufacturing sector	25.8%	25.8%
Financial & insurance services	0.8%	0.8%
Wholesale & retail services	9.1%	9.1%
Public administration	8.4%	8.4%
Transportation, warehousing & utilities	7.9%	7.9%
Education, health & social services	12.0%	12.0%
Other	22.1%	22.1%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Morgan, MN	844	$51,250	7.4%
Wabasso, MN	738	$51,125	7.6%
Belview, MN	366	$49,063	11.3%
Morton, MN	373	$48,125	13.0%
Franklin, MN	578	$45,750	17.3%
Redwood Falls, MN	4,977	$52,418	5.2%

Cities with similar population

City	Population	Household Income	National Avg.
Mead, CO	4,978	$94,947	71.6%
Espanola, ON	4,978	n/a
Suncook, NH	4,975	$62,115	12.3%
North Huron, ON	4,979	n/a
Tipton, IN	4,974	$63,451	14.7%
Redwood Falls, MN	4,977	$52,418	5.2%

Source: The Redwood Falls, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).