Redwood County, Minnesota Income Statistics
Redwood County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
-
B
Redwood County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Redwood County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,231 | $89,852 | $80,455 |
| Median Personal Income | $52,015 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.0% | 4.4% | 4.8% |
| Six-Figure Earners | 6.9% | 15.1% | 13.9% |
| $200k+ Households | 4.8% | 13.8% | 13.2% |
The median household income in Redwood County is about 25% lower than in Minnesota. Income has been growing slower in Redwood County (4.0%/yr) than in Minnesota (4.4%/yr).
About 7% of adults in Redwood County earn six figures ($100,000 or more) a year, lower than the Minnesota average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Redwood County, Minnesota grew by 53.0% from 2009 to 2024, reaching $67,231 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Redwood County
| Metric | Redwood County | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.500 | 0.507 | 0.552 |
| Male Median Income | $58,729 | $74,898 | $69,667 |
| Female Median Income | $51,044 | $62,922 | $56,850 |
| Gender Pay Gap | 13.1% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Redwood County, it is 0.500, lower than Minnesota's 0.507, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 15% more than women's income in Redwood County, Minnesota. Over a 35-year career, a 15% wage gap accumulates to roughly $268,975 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Redwood County, Minnesota has narrowed from about 25% to 13% in 2024. Over that period the gap was widest at 28% in 2017, and was narrowest at 12% in 2023. In dollar terms, the gap has narrowed by $1,910 since 2009.
Employment
| Metric | Redwood County | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 4.1% | 5.2% |
| Working from Home | 11.0% | 17.6% | 15.0% |
| Commute time (minutes) | 12 | 20 | 22 |
Approximately 187 people are unemployed in Redwood County, Minnesota.
The average commute time in Redwood County is 12 minutes, shorter than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Redwood County, Minnesota has fallen from 4.7% to 2.6% in 2024. Over that period the rate peaked at 5.0% in 2014 and fell as low as 1.6% in 2020.
Redwood County, MN Wealth Compared With Nearby Counties
Redwood County, MN is typical in size for this group, 13,610 residents against a local median of 14,558, so the measures below are close to a like for like comparison. Nothing separates Redwood County, MN sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is income growth, 11% below the local median at 4.0%/yr against 4.5%/yr. Redwood County, MN has the 4th highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Redwood County, MN | 13,610 | $67,231 #6/6 | 4.0%/yr #4/6 | 2.6% #2/6 | 0.500 #4/6 |
| Cottonwood County, MN | 11,447 | $72,183 | 5.4%/yr | 2.8% | 0.507 |
| Renville County, MN | 14,558 | $70,904 | 3.4%/yr | 2.5% | 0.498 |
| Brown County, MN | 25,800 | $69,882 | 3.2%/yr | 2.9% | 0.473 |
| Lyon County, MN | 25,503 | $75,660 | 5.0%/yr | 3.2% | 0.509 |
| Murray County, MN | 8,097 | $74,135 | 4.5%/yr | 2.7% | 0.488 |
Conclusion
Considering all these factors, Redwood County, Minnesota has an overall wealth index grade of B, making it about on par with Minnesota, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Redwood County, Minnesota.
How Rich Is Redwood County, Minnesota?
Redwood County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $67,231, about 25% lower than the Minnesota average of $89,852.
Are incomes growing in Redwood County, Minnesota?
Between 2009 and 2024, the median household income in Redwood County, Minnesota rose 53%, from $43,949 to $67,231. Over the same years, income here lagged behind Minnesota as a whole: +53% against +57%.
What was the median household income in Redwood County in 2023?
In 2023, the median household income in Redwood County, Minnesota was $67,061, up 3% from $65,309 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Redwood County in 2020?
In 2020, the median household income in Redwood County, Minnesota was $57,516. By 2024 it had risen 17% to $67,231.
Is unemployment high in Redwood County, Minnesota?
Unemployment in Redwood County, Minnesota is only 2.6%, well below the Minnesota rate of 4.1%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Redwood County, Minnesota?
The Gini coefficient in Redwood County is 0.500. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Redwood County, Minnesota?
Since 2009, the income gap between men and women in Redwood County, Minnesota has narrowed from about 25% to 13% in 2024. Over that period the gap was widest at 28% in 2017, and was narrowest at 12% in 2023. In dollar terms, the gap has narrowed by $1,910 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →