Cost of Living in Redwood Falls, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.1
100 = national avg
-6.9 vs national average
Living Wage (1 Adult)
$40,976
per year
Living Wage (Family of 4)
$96,852
per year
Cost Index by Category
Housing87.8
Food97.3
Transportation94.7
Healthcare97.9
Utilities96.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Redwood Falls is 93.1, which is 6.9% below the national average. Housing costs are below the national average at an index of 87.8. A single adult needs to earn approximately $40,976 per year to cover basic expenses.