Starting a Business in Redwood County, MN

What does it cost to start a business in Redwood County? Here are the numbers.

Avg Startup Cost

$49,213

Monthly Overhead

$1,139

Est. Break-Even

30 mo

Runway

43 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,139/mo
Median Household Income$65,617
Property Tax Rate1.0%

Population (market size)15,428

Market Context

Median Home Value$138,700
Homeownership Rate80.1%
Median Rent$759/mo

CountyRedwood County

About Redwood County, Minnesota

Redwood County in Minnesota has a population of 15,428 and a median household income of $65,617. 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.

Analyze Your Business Viability in Redwood County

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Other Counties in Minnesota

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.