Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Redwood Falls is a small city located in the state of Minnesota. The city has a population of 4,977 people. If we look at the most recent Census, Redwood Falls is known to have a predominantly White population. The next two most common races are American Indian and Alaskan and Black. Not a fan of sitting in traffic during your commute to work? Redwood Falls offers shorter work commutes, with an average one-way commute time taking only 14 minutes, far lower than the national average of 26 minutes.
Are you trying to decide if living in Redwood Falls is the right fit for your lifestyle? To ensure a good experience before moving to any new city in Minnesota, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. To help you find the best places to live in and around Redwood Falls, AreaVibes has created a livability score using key metrics like cost of living, employment, housing and more.
Redwood Falls has a livability score of 74/100 and is ranked #142 in Minnesota and #3,568 in the USA. Based on the scores for each individual category, Redwood Falls has received high marks for cost of living (A+), education (B-), employment (B-) and housing (A+). Unfortunately for Redwood Falls, there are some categories for which it does not rank well, this includes: amenities (F).
The Redwood Falls unemployment rate of 0.7% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Redwood Falls excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Redwood Falls is real estate affordability. Median real estate prices in Redwood Falls come in at $125,400, which is 34.5% lower than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Redwood Falls, the home price to income ratio is 2.4, which is 20% lower than the Minnesota average.
| Statistic | Redwood Falls | Minnesota | National |
| Average one way commute | 14min | 23min | 26min |
| Workers who drive to work | 83.1% | 78.0% | 76.4% |
| Workers who carpool | 5.1% | 8.7% | 9.3% |
| Workers who take public transit | 1.5% | 3.5% | 5.1% |
| Workers who bicycle | 0.5% | 0.8% | 0.6% |
| Workers who walk | 1.6% | 2.8% | 2.8% |
| Working from home | 6.5% | 5.3% | 4.6% |
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