Richfield
Richfield city, Minnesota
Richfield, Minnesota, offers a compelling blend of suburban charm and urban accessibility, making it an attractive option for those seeking a balanced lifestyle. With a population of just under 37,000, this community provides a close-knit feel without sacrificing convenience. One of the most significant draws is affordability; the median home value in Richfield hovers around $294,000, considerably below the national average. This allows residents to enjoy a comfortable standard of living, especially when coupled with a median household income of over $80,000, which surpasses the national figure. The overall vibe is friendly and welcoming, with well-maintained parks, local businesses, and a palpable sense of community that makes it easy to settle in and feel at home.
From an investment and practical standpoint, Richfield presents a stable housing market. While specific unemployment figures are not available, the robust local economy suggests ample employment opportunities. The area boasts a low crime rate, making it a safe and secure environment for families and individuals alike. This makes it an ideal location for first-time homebuyers, young professionals, and those looking to downsize without sacrificing amenities or community. Its proximity to Minneapolis and the Minneapolis-St. Paul International Airport, coupled with excellent public transportation options, further enhances its appeal, making commutes easy and travel convenient.
Richfield, Minnesota at a Glance
Richfield is a city in Richfield city, Minnesota with a population of approximately 36,809. The median home value is $294,000 and the median household income is $80,712.. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average.. Median rent is $1,299 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$294,000
Median Income
$80,712
Population
36,809
Walk Score
N/A
Air Quality
N/A
Climate Risk
N/A
Excellent
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- Population
- 36,809
- Median Age
- N/A
- Median Household Income
- $80,712
8% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 7.2%
42% below nat'l avg
- Median Home Value
- $294,000
4% above nat'l avg
- Median Rent
- $1,299
12% above nat'l avg
- Homeownership Rate
- 61.7%
6% below nat'l avg
- Affordability Index
- N/A
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 5.7 per 1K
70% below nat'l avg
- AQI
- N/A
- Category
- N/A
- Overall Risk
- N/A
- Risk Score
- N/A
- Overall
- N/A
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- N/A
- Est. Monthly Electric
- N/A
- Unemployment Rate
- 4.6%
24% above nat'l avg
- Poverty Rate
- 7.2%
42% below nat'l avg
Weather & Climate in Richfield
Avg High
54°F
Avg Low
36°F
Annual Rainfall
31.7"
Avg Humidity
70%
Political Landscape
→ Politically stable
Based on Benton County county-level presidential election data
Culture & Things to Do in Richfield
Richfield Days
Annual community festival with a parade, carnival, and other activities.
Wood Lake Nature Center Events
Various educational programs and nature-based activities throughout the year.
Richfield Farmers Market
A seasonal market offering fresh produce and local goods.
Summer Concert Series
Free outdoor concerts at various locations throughout the summer.
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