2025 Compare Cities Economy:
Red Wing, MN vs Fairbanks, AK

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Highlights
- Household income in Fairbanks, is 9% more than it is in Red Wing and is 4% below the National Average.
- Red Wing unemployment rate is 4.6%.
- Fairbanks unemployment rate is 7.2%.
 Red Wing, MNFairbanks, AKUnited States
 Unemployment Rate  Unlock7.2%6.0%
 Recent Job Growth  Unlock-1.2%1.6%
 Future Job Growth28.0%  Unlock33.5%
 Sales Taxes7.4%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$34,117  Unlock$37,638
 Household Income  Unlock$66,572$69,021
 Family Median Income$78,313  Unlock$85,028
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 Est. Households By Income
 Red Wing, MNFairbanks, AKUnited States
 Income Less Than 15K  Unlock7.0%9.4%
 Income between 15K and 20K5.2%  Unlock3.8%
 Income between 20K and 30K  Unlock5.5%8.1%
 Income between 30K and 40K10.3%  Unlock8.0%
 Income between 40K and 50K  Unlock8.5%7.6%
 Income between 50K and 60K10.1%  Unlock7.2%
 Income between 60K and 75K  Unlock13.0%9.6%
 Income between 75K and 100K14.1%  Unlock12.8%
 Income between 100K and 150K  Unlock19.9%16.3%
 Income between 150K and 200K8.1%  Unlock7.8%
 Income greater than 200K  Unlock4.3%9.5%
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 Population By Occupation
 Red Wing, MNFairbanks, AKUnited States
 Management, business, finance9.5%  Unlock16.4%
 Engineering, computers, science  Unlock5.2%6.5%
 Community, social services1.5%  Unlock1.8%
 Legal  Unlock0.7%1.2%
 Education, library8.0%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.7%2.0%
 Healthcare practitioners and technology6.6%  Unlock6.2%
 Healthcare support  Unlock4.2%3.3%
 Firefighters, law enforcement2.2%  Unlock2.1%
 Food preparation, serving  Unlock6.7%5.4%
 Building maintenance5.8%  Unlock3.6%
 Personal care  Unlock3.8%2.6%
 Sales, office, administrative support19.4%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.9%0.6%
 Construction, extraction, maintenance/repair8.4%  Unlock8.1%
 Production, transportation, material moving  Unlock12.4%13.1%
Reviews for Red Wing    6 Reviews

Red Wing is a small town located equidistant between the Twin Cities and Rochester and is situated on the Mississippi river. Much of the big city culture of Minneapolis  More

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Over 12 years ago

Red Wing is a pretty town along the river. It does have some things outsiders need to be aware of if you take the plunge. The town is OLD, as in the citizens. If  More

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Over 17 years ago

It's a very nice town on the Missippi but too cold in winter---hot & humid in summer but a great spring & fall. If you like the changing seasons, it's ideal.  More

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Reviews for Fairbanks    20 Reviews

I have lived in the Fairbanks area for about 25 years and have become very comfortable with the community and the lifestyle here. That said, retirement is fast  More

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Over 14 years ago

Comments about Fairbanks, both positive and negative, are of interest to me. Was in Fairbanks this past March [and north on Cleary Summit] and fell in love with the  More

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Over 15 years ago

I came to Alaska 15 years ago on an adventure and first lived in Juneau, which I LOVED and then moved to Eagle River, which I loved and now live in Fairbanks! I do not  More

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