Businesses for Sale | Red Wing, Minnesota
Discover business opportunities, in or around Red Wing, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Red Wing, located in The North Star State had a total population of 16,487 people.
City Statistics and Other Information About Red Wing
Demographics
From a total population of 16,487, Red Wing has a median age of 41. The average age of males, in Red Wing, is 40 while the average age of females is 43. When you compare the median age of men and women in Red Wing, there is an average difference of 3.01 years.
Income
The median income of individuals, in Red Wing, is $43,274 while the average household income is $65,747. In 2029, the average income per capita for Red Wing is expected to be $43,274.
Additional Information
55066Goodhue County
Is Red Wing the Best Location for Franchise Opportunities and Growth?
What is the average income in Red Wing?
The median household income in Red Wing is $65,747, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Red Wing an affordable place to start a franchise?
With a median income of $65,747, Red Wing presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Red Wing's income compare to other locations?
The median income of $65,747 in Red Wing is below the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Red Wing have a stable workforce to support my business?
Absolutely! With 4,072 employed individuals, Red Wing offers a solid labor force to support franchise growth.
Is Red Wing a growing economy?
With a workforce of 4,072 and a median household income of $65,747, Red Wing provides an emerging economic environment for new business opportunities.
Does homeownership in Red Wing indicate a stable market?
Homeownership rates at 4,957 show a strong local investment in the community, which benefits long-term franchise success.
