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EconPulse

Local economy signal dashboard

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PLACEThriving

Redwood Falls, MN

Thriving overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score71out of 100
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82
54
61
77
100

Population

5,068

Data freshness

Unknown

GDP / Output

+6.1% YoY

82

$1.5B

Output changed +6.1% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

54

4.8%

Unemployment is 4.8% for June 2026.

Vintage date unknown

State avg4.1%
U.S. avg5.2%

Population

+1.8% 5-year

61

5,068

Population moved +1.8% over the latest ACS window.

Vintage date unknown

State population5,739,445
U.S. population334,922,499

Housing

Rent share of income

77

16.2%

Median rent consumes 16.2% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$9.4K per resident

100

$145.2M

$145.2M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$242.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$145.2M

$9.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$82.8M
2. Department of Agriculture$39.4M
3. Department of Veterans Affairs$7.6M

Top recipients

Dollars
1. REDACTED DUE TO PII$36.5M
2. LOWER SIOUX INDIAN COMMUNITY IN THE STATE OF MINNESOTA$7.3M
3. CITY OF REDWOOD FALLS$4.1M

Affordable

Housing Affordability

16.2%

of median income

1BR estimate$682
2BR estimate$899
Median income$61,750
Median home value$162,100

ACS context

Quick Facts

Population

5,068

Median age

43.2

Bachelor's degree+

24.3%

Poverty rate

17.2%

Labor force participation

56.7%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.4%

GDP CAGR

+11.5%

Federal flow

5 years

Population (5 years)
20204,977
20215,099
20225,091
20235,075
20245,068
GDP (5 years)
2020$866.1M
2021$1.1B
2022$1.3B
2023$1.4B
2024$1.5B

2-year linear forecast

Predictive Outlook

Population forecast

20245,068
20255,109 *
20265,125 *

R² = 25.9% · * projected

GDP forecast

2024$1.5B
2025$1.7B *
2026$1.9B *

R² = 96.7% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$61,750/yr
Median rent$832/mo
Rent share of income16.2%
Est. mortgage (30yr, 6.5%)$9,836/yr
Mortgage share of income15.9%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.8%
State avg4.1%
U.S. avg5.2%
Labor force participation56.7%
Poverty rate17.2%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$162,100
Median monthly rent$832
Price-to-rent ratio16.2x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score68/100
Economic growth82/100
Labor market54/100
Population momentum61/100
Overall stability71/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Redwood Falls city, Minnesota

City/Town

Part of

Minnesota

Nearby locations

Morton, MNDelhi, MNFranklin, MNClements, MNBelview, MN