States › Minnesota › Red Wing

Is Red Wing, MN expensive to live in?

OKRent takes 24 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,44218% lower than U.S. average
💵 Families earn per year (2026)$72,467about $6,039/month · 17% lower than U.S. average
🔑 House price$237,30029% lower than U.S. average

Rent is lower than in 61% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are short, about 19.6 minutes.

How much money do I need?

To rent here comfortably, you should earn about $57,680 a year. That is $28 an hour at a full-time job.

Is rent cheaper than other Minnesota cities?

Yes. Rent here is cheaper than in most of Minnesota. It is number 61 of 150 cities from cheapest to most expensive.

Red Wing
$1,442
Ham Lake
$1,297
Buffalo
$1,671
Hugo
$2,467
Hibbing
$947
Anoka
$1,380
Bemidji
$1,452

How much do households earn in Red Wing?

Under $25k
16.2%
$25k–50k
22.6%
$50k–100k
35.1%
$100k–150k
13.1%
$150k+
7.2%

Share of households by yearly income. 20.3% of households earn $100,000 or more.

Rent by apartment size in Red Wing

SizeRed WingU.S. average
Studio$709$1,338
1 bedroom$868$1,324
2 bedrooms$1,246$1,509
3 bedrooms$1,504$1,698
4 bedrooms$1,212$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Red Wing overall?

Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).

Housing
91
Goods (food, clothes…)
101
Utilities
91
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Red Wing, so the Minnesota figure is shown.

Taxes and bills in Red Wing

🏛️ Property tax$2,776a year · 1.17% of home value · U.S. $3,119
⚡ Electric bill$147a month (typical) · U.S. $156

Life in Red Wing

Commute to work19.6 minU.S.: 26.4 min
College degree25.3%U.S.: 35.7%
Own their home72.2%U.S.: 65.2%
Below poverty line13.8%U.S.: 12.5%
Unemployment4.9%U.S.: 5.2%

Is it cheaper to rent or buy in Red Wing?

Renting is cheaper right now: about $205 a month less.

Renting
$1,442
Owning
$1,647

Owning assumes a typical $237,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,730 for the down payment.

Frequently asked questions

What is the average rent in Red Wing, MN?

Renting in Red Wing costs a median of about $1,442 a month in 2026, including utilities. The Minnesota median is $1,525.

How much do I need to make to live in Red Wing?

To keep rent under 30% of income, you need about $57,680 a year, or $28 an hour at a full-time job.

Is Red Wing cheap or expensive?

Red Wing is rated OK: rent takes 23.9% of the typical household income of $72,467. It ranks 61st cheapest of 150 Minnesota cities we track.

How much are property taxes in Red Wing?

The median homeowner in Red Wing pays $2,776 a year in property taxes, about 1.17% of the median home value.

Is Red Wing more expensive than the national average?

Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Red Wing?

The median home value in Red Wing is $237,300, about 3.3 times the typical yearly household income.

16,758 people live in Red Wing. Numbers are typical (middle) values.