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Minnesota · Census place 45862

New Richland city, MN

Quick answer

New Richland city has 1,068 residents, ranking #357 of 914 places in Minnesota. Median household income is $62,841, the median home is worth $133,000 and median gross rent runs $544 a month.

Population
1,068New Richland city residents
Median household income
$62,841Past 12 months, inflation adjusted
Median home value
$133,000Owner-occupied units
Median gross rent
$544Rent plus utilities, monthly
Median age
40.9 yrsAll residents
Homeownership rate
86.4%Owner-occupied households

What the numbers mean in New Richland city

Housing cost measured against local earnings.

A household earning the New Richland city median would spend about 10.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.7% of residents and 86.4% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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