Minnesota · Census place 45862
New Richland, MN population, income and ZIP codes
Quick answer
The population of the city of New Richland, Minnesota (New Richland, MN — Census place “New Richland city”) is 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. Looking for the New Richland Minnesota ZIP code list? 1 ZIP codes serve New Richland, MN: 56072.
- 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
New Richland ZIP codes (Minnesota)
Census ZCTAs whose delivery area overlaps New Richland.
The New Richland MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.
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
New Richland city, MN in context
How this area compares with national benchmarks.
New Richland city is a small town in Minnesota, with 1,068 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #357 of 914 ranked by population — larger than 61% of them. The median age here is 40.9 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.
Households in New Richland city earn a median of $62,841 a year, 20% below the national figure of $78,538 and 17% below the $75,469 median for the 361 Minnesota cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 5.7% of residents here, less than half the 12.4% national rate.
The typical owner-occupied home in New Richland city is valued at $133,000, 56.2% below the national figure and 45% below the $240,400 peer median, while median gross rent runs $544 a month, 61.3% below the national figure, or roughly $6,528 across a full year. A household on the local median income would put about 10.4% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.1×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 86.4% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.
No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.
Compare with nearby places
Places of similar size in Minnesota.
- Hilltop city 1,056
- Little Rock CDP 1,075
- Nashwauk city 1,035
- Eden Valley city 1,077
- Tyler city 1,019
- Scanlon city 1,087
- Buhl city 1,013
- Parkers Prairie city 1,089
Keep going
More Minnesota coverage.
Frequently asked questions
Common questions about this area.
- What is the population of New Richland city?
- New Richland city has 1,068 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #357 of 914 in Minnesota.
- What is the median household income in New Richland city?
- Median household income in New Richland city is $62,841 a year, 20% below the national figure of $78,538.
- How much does it cost to rent or buy in New Richland city?
- Median gross rent is $544 a month and the median home value is $133,000, so rent absorbs about 10.4% of median household income.
- Is New Richland city affordable compared with the rest of the US?
- Homes cost about 2.1× the local median income here versus roughly 3.9× nationally, so New Richland city is more affordable to buy in than the typical US market, and rent takes 10.4% of median income against the 30% cost-burden line.
- How current is this New Richland city data?
- All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.