What is the cost of living in Red Wing, MN?
According to the most recent data on the cost of living, Red Wing has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Minnesota, Red Wing has a cost of living index that's 1.0x lower than Minnesota's index of 101.
The standard of living in Red Wing ranks as #29 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Red Wing ranks as the #122 most expensive place in the North Star State.
For more reading on life in Red Wing, check out:
Red Wing Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Red Wing. Here is how it fares on each of the criteria:
The Services index in Red Wing is 102.
The Groceries index in Red Wing is 101.
The Health index in Red Wing is 99.
The Housing index in Red Wing is 96.
The Transportation index in Red Wing is 106.
The Utilities index in Red Wing is 98.
| Living Expense | Red Wing | Minnesota | National Average |
|---|---|---|---|
| Overall | 97 | 101 | 100 |
| Services | 102 | 101 | 100 |
| Groceries | 101 | 99 | 100 |
| Health | 99 | 99 | 100 |
| Housing | 96 | 101 | 100 |
| Transportation | 106 | 103 | 100 |
| Utilities | 98 | 101 | 100 |
Red Wing Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Red Wing Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Red Wing, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Red Wing is $283,795.
The Median Rent in Red Wing is $969.
The Median Income in Red Wing is $67,192.
The Home Value To Income in Red Wing is 4.2x.
The Rent To Monthly Income in Red Wing is 0.17x.
Red Wing, MN Costs By Category
Detailed Red Wing Services costs vs. Minnesota
Detailed Red Wing Groceries costs vs. Minnesota
Detailed Red Wing Health costs vs. Minnesota
Detailed Red Wing Transportation costs vs. Minnesota
Red Wing SnackAbility
Cost Of Living In Cities Around Red Wing
The cost of living varies in the cities and towns around Red Wing. Here's a quick look at the cost of living in the most populous nearby places:
Woodbury, MN has a cost of living index of 120, 1.2x Red Wing.
Lakeville, MN has a cost of living index of 122, 1.3x Red Wing.
Eden Prairie, MN has a cost of living index of 128, 1.3x Red Wing.
| City | Population | Cost Of Living | Vs. Red Wing |
|---|---|---|---|
| Woodbury, MN | 78,305 | 120 | 1.2x |
| Lakeville, MN | 74,354 | 122 | 1.3x |
| Eden Prairie, MN | 63,051 | 128 | 1.3x |
| Apple Valley, MN | 55,679 | 114 | 1.2x |
| Edina, MN | 53,262 | 141 | 1.5x |
| Minnetonka, MN | 53,064 | 127 | 1.3x |
| Shoreview, MN | 26,714 | 116 | 1.2x |
| Golden Valley, MN | 21,725 | 122 | 1.3x |
| Mendota Heights, MN | 11,612 | 126 | 1.3x |
| Mahtomedi, MN | 8,133 | 126 | 1.3x |
