Red Lake Falls, a city located in the state of Minnesota (MN), is home to a population of approximately 1,288 people. Red Lake Falls boasts a median age of 44.1, with around 31.8% of its residents aged 60 or above. 11.4% of the population identifies as US Veterans. 14.4% of Red Lake Falls residents are disabled. The city has an average household income of $58,239, while the unemployment rate stands at 0.8%, and around 10.2% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Red Lake Falls is $118,336, with a monthly rent averaging $595.