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The total population of Redwood Falls is estimated to be 5,091 with 2,503 males (49.17%) and 2,588 females (50.83%). There are 85 more females than males in Redwood Falls.
The median household income in Redwood Falls was $62,223 in 2021, which marked an an increase of 2,826(4.76%) from $59,397 in 2020. This income is 83.40% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Redwood Falls sees its highest median household income among householders in the age group of 25 to 44 years old, at $75,269. Overall, the median household income for the city of Redwood Falls stands at $62,223.
In Redwood Falls, the median income for all workers aged 15 years and older, regardless of work hours, was $38,563 for males and $27,138 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,917 for males and $40,019 for females.
In Redwood Falls, there are just three different racial groups among households. Among these, Some Other Race households report a median household income of $98,296, followed by White households at $62,292, and American Indian and Alaska Native households with a median household income of $25,401.
In 2022, the population of Redwood Falls was 5,084, a 0.22% decrease year-by-year from 2021. Previously, in 2021, Redwood Falls's population was 5,095, an increase of 0.02% compared to a population of 5,094 in 2020.
The median age in Redwood Falls, MN is 37.8, as per 2021 ACS 5-Year Estimates. Of the total population, 21.16% were under the age of 15, 19.16% aged 15 to 29, 36.28% aged 30 to 64, 19.14% aged 65 to 84, and 4.26% were 85 years of age and older.
Racial distribution of Redwood Falls population: 89.59% are White, 0.04% are Black or African American, 1.86% are American Indian and Alaska Native, 0.41% are Asian, 3.43% are some other race and 4.67% are multiracial.