Red Lake, Minnesota Median Income

Red Lake, Minnesota has a population of 1,850, with a median household income of $26,400.

Current median income data for Red Lake.

$26,400

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Population

1,850

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Median Income

$26,400

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Unemployment

16.80%

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Housing Price

$105,000

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Crime Rate

14.20

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Internet Speed

100.00 Mbps

Red Lake is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Red Lake is a notable city in Minnesota, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Red Lake has a population of 1,850, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Red Lake is $26,400, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Red Lake is about $105,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Red Lake is 16.80%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Red Lake are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Minnesota, Red Lake shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Red Lake offers a balanced mix of economic conditions, population trends, and housing opportunities within Minnesota.

Frequently Asked Questions about Red Lake

What is the population of Red Lake?

The population of Red Lake is approximately 1,850.

Is Red Lake a good place to live?

Red Lake offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Red Lake?

The median household income in Red Lake is around $26,400.

How expensive is housing in Red Lake?

The average housing price in Red Lake is approximately $105,000.