City Dashboard
Red Wing, MN
Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED
Cost Index
57
Very Affordable
Median Home Value
$224,800
National: $426,735
Median Rent
$954/mo
National: $1,527/mo
Household Income
$65,259
National: $84,532
Population
16,660
Purchasing Power
135
100 = national baseline
Cost of Living Breakdown
Housing Cost Index
53 / 100
100 = national average
Rent Index
62 / 100
Overall Index
57
Very Affordable
Red Wing Mortgage Calculator
Pre-filled with the local median home value of $224,800 and Minnesota's property tax rate of 1.11%.
Salary & Purchasing Power
Median household income is $65,259 — 23% below the national average.
What $65,259 in Red Wing Gets You Elsewhere
Property Tax in Red Wing, MN
Est. Annual Property Tax
$2,495
Monthly Impact
$208
Added to your mortgage
Effective Rate
1.11%
National avg: ~1.00%
Minnesota Tax Overview
Compare Red Wing to Another City
See how far your salary goes somewhere else.
Cost of Living Comparison
See how far your salary goes in another city.
Red Wing, MN
Loading cities...
Cost Index Comparison (100 = National Avg)
Housing CostsNational Avg: 100
Rent Prices
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
- Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
- Tax Rates: Tax Foundation State & Local Tax Data, 2024
- Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR