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The total population of Red Lake Falls is estimated to be 1,288 with 651 males (50.54%) and 637 females (49.46%). There are 14 less females than males in Red Lake Falls.
The median household income in Red Lake Falls was $57,423 in 2021, which marked an an increase of 1,582(2.83%) from $55,841 in 2020. This income is 76.97% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Red Lake Falls sees its highest median household income among householders in the age group of 25 to 44 years old, at $95,120. Overall, the median household income for the city of Red Lake Falls stands at $57,423.
In Red Lake Falls, the median income for all workers aged 15 years and older, regardless of work hours, was $47,290 for males and $35,333 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,627 for males and $49,992 for females.
In Red Lake Falls, population is primarily represented by White households, reporting a median income of $55,970.
In 2022, the population of Red Lake Falls was 1,327, a 1.34% decrease year-by-year from 2021. Previously, in 2021, Red Lake Falls's population was 1,345, a decline of 0.37% compared to a population of 1,350 in 2020.
The median age in Red Lake Falls, MN is 47.1, as per 2021 ACS 5-Year Estimates. Of the total population, 20.60% were under the age of 15, 12.55% aged 15 to 29, 45.38% aged 30 to 64, 15.79% aged 65 to 84, and 5.68% were 85 years of age and older.
Racial distribution of Red Lake Falls population: 92.11% are White, 0.63% are Black or African American, 2.53% are American Indian and Alaska Native, 0.32% are some other race and 4.42% are multiracial.