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ZipNumbers

Minnesota · Census place 54214

Richfield city, MN

Quick answer

Richfield city has 36,725 residents, ranking #26 of 914 places in Minnesota. Median household income is $84,055, the median home is worth $320,400 and median gross rent runs $1,334 a month.

Population
36,725Richfield city residents
Median household income
$84,055Past 12 months, inflation adjusted
Median home value
$320,400Owner-occupied units
Median gross rent
$1,334Rent plus utilities, monthly
Median age
38.9 yrsAll residents
Homeownership rate
62.4%Owner-occupied households

What the numbers mean in Richfield city

Housing cost measured against local earnings.

A household earning the Richfield city median would spend about 19% 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 3.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.3% of residents and 62.4% 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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