Redwood County, Minnesota
Income Data
At a Glance
How Redwood County Compares
Detailed Income Statistics
Data Story
About Household Income in Redwood County, Minnesota
Redwood Below National Income Mark
Redwood County's median household income of $67,024 falls 10.4% short of the national median of $74,755. The county ranks in the lower third of U.S. income distribution, typical of rural agricultural regions.
Lower-Income County in Minnesota
Redwood County's $67,024 median income ranks well below Minnesota's state average of $75,757, representing one of the state's less affluent counties. The $8,700 gap reflects economic pressures in southwestern Minnesota.
Near Bottom of Regional Ranking
Redwood's $67,024 is among the lowest in the region, exceeding only Pipestone County ($66,073). The county significantly lags wealthier peers like Ramsey ($81,004) and Red Lake ($77,500).
Affordable Housing Provides Relief
Redwood County's 13.7% rent-to-income ratio shows modest housing costs relative to income, with a median home value of just $150,400. Lower housing burdens help stretch limited household earnings.
Smart Saving on Modest Income
Redwood County households earning $67,024 can build wealth through disciplined savings despite income constraints. Prioritizing emergency funds, low-cost index funds, and employer retirement benefits creates a foundation for long-term security.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Redwood County median
County median: $67,024 per year
vs. County Median
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vs. State Average
-12%
vs. National Median
-10%
Income Adequacy
Your monthly income ($5,585) vs. median rent ($767/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.