doxo

doxo helps people manager their bills and due dates all in one place, according to its website. Photo by doxo

The average Red Wing household pays $1,966 in bills each month, according to doxo, a financial management company. This is 4.1% higher than the national average and equals 35.7% of household income.

These results were a part of doxo’s bill comparison study for 914 cities across the country.

Study breakdown

Auto loan

  • Red Wing: $478 vs National average: $411

Utilities

  • Red Wing: $359 vs National average: $316

Health insurance

  • Red Wing: $209 vs National average: $113

Life insurance

  • Red Wing: $110 vs National average: $88

Mobile phone

  • Red Wing: $103 vs National average: $102

Alarm and security

  • Red Wing: $105 vs National average: $87

Mortgage

  • Red Wing: $1210 vs National average: $1,279

Rent

  • Red Wing: $854 vs National average: $1,062

Auto insurance

  • Red Wing: $178 vs National average: $185

Cable and satellite

  • Red Wing: $102 vs National average: $115

The study shows Red Wing residents typically pay higher prices for their auto loan, utilities, health insurance and life insurance.

Why is Red Wing higher?

According to local community members, there are a lot of contributing factors that could make bills higher in the area, including:

  • Higher rates for broadband and internet services

  • Many residents travel far distances for work

  • Energy costs tend to increase farther away from big cities

  • Rural aspects limit access to more health care options

“As for medical expenses being so high, I completely get that,” Corrine Stockwell, finance manager for the redevelopment authority, said. “We are surrounded by Mayo here in Red Wing, which typically has higher rates. We do not have the variety of medical providers here like the metro does.”

More information

To see the full study results, visit doxo’s website.

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