 As a municipal division, the town of Krasavino, together with six rural localities in Krasavinsky Selsoviet of Velikoustyugsky District, is incorporated within Velikoustyugsky Municipal District as Krasavino Urban Settlement.The basis of the economy of Krasavino are the saw mill, the flax-processing factory, and the brickstone production factory.Krasavino is located on the road connecting Veliky Ustyug with Kotlas.