What is the population of Richfield city?

Richfield city has 36,725 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #26 of 914 in Minnesota.

What is the median household income in Richfield city?

Median household income in Richfield city is $84,055 a year, 7% above the national figure of $78,538.

How much does it cost to rent or buy in Richfield city?

Median gross rent is $1,334 a month and the median home value is $320,400, so rent absorbs about 19% of median household income.

Is Richfield city affordable compared with the rest of the US?

Homes cost about 3.8× the local median income here versus roughly 3.9× nationally, so Richfield city is more affordable to buy in than the typical US market, and rent takes 19% of median income against the 30% cost-burden line.

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Minnesota · Census place 54214

Richfield, MN population, income and ZIP codes

Quick answer

The population of the city of Richfield, Minnesota (Richfield, MN — Census place “Richfield city”) is 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. Looking for the Richfield Minnesota ZIP code list? 1 ZIP codes serve Richfield, MN: 55423.

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

Richfield ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Richfield.

The Richfield MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

55423

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

Richfield city, MN in context

How this area compares with national benchmarks.

Richfield city is a small city in Minnesota, with 36,725 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #26 of 914 ranked by population — larger than 97% of them. The median age here is 38.9 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Richfield city earn a median of $84,055 a year, 7% above the national figure of $78,538 and 11% above the $75,469 median for the 361 Minnesota cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 7.3% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Richfield city is valued at $320,400, 5.6% above the national figure and 33% above the $240,400 peer median, while median gross rent runs $1,334 a month, 5.1% below the national figure, or roughly $16,008 across a full year. A household on the local median income would put about 19% 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 3.8×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 62.4% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. 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.

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Frequently asked questions

Common questions about this area.

What is the population of Richfield city?: Richfield city has 36,725 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #26 of 914 in Minnesota.
What is the median household income in Richfield city?: Median household income in Richfield city is $84,055 a year, 7% above the national figure of $78,538.
How much does it cost to rent or buy in Richfield city?: Median gross rent is $1,334 a month and the median home value is $320,400, so rent absorbs about 19% of median household income.
Is Richfield city affordable compared with the rest of the US?: Homes cost about 3.8× the local median income here versus roughly 3.9× nationally, so Richfield city is more affordable to buy in than the typical US market, and rent takes 19% of median income against the 30% cost-burden line.
How current is this Richfield city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.