Starting a Business in Red Lake County, MN
What does it cost to start a business in Red Lake County? Here are the numbers.
Avg Startup Cost
$55,417
Monthly Overhead
$947
Est. Break-Even
30 mo
Runway
59 mo
Local Business Economics
Cost Factors
Commercial Rent (est.)$947/mo
Median Household Income$73,889
Property Tax Rate0.9%
Population (market size)3,912
Market Context
Median Home Value$150,700
Homeownership Rate82.4%
Median Rent$631/mo
CountyRed Lake County
About Red Lake County, Minnesota
Red Lake County in Minnesota has a population of 3,912 and a median household income of $73,889. The smaller market may favor service-oriented businesses or online ventures.
These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.
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