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Richfield, MN

Full City Profile · Minnesota · Dakota County County

3.6 /5.0
B+ Good
36,725 Population 5,417/sq mi density
$84,055 Median Income $46,914 per capita
$320,400 Home Value $338,987 Zillow
$1,334 Median Rent 26.6% income on rent
47°F Avg Temperature 270 sunny days/yr
202 Violent Crime/100K 2,355 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$84,055 median income, 3.6% unemployment
A+
Affordability
4.5 / 5.0
$320,400 home value, $1,334/mo rent
F
Safety
1.0 / 5.0
202 violent crimes/100K
A+
Education
4.5 / 5.0
44.3% bachelor's degree or higher

Richfield, MN

At a Glance

Median Income
$84,055
12% above
$46,914 per capita
Home Value
$320,400
14% above
Zillow: $338,987
Median Rent
$1,334/mo
15% above
26.6% of income on rent
Violent Crime
202/100K
47% below
2,355/100K property
Bachelor's Degree+
44.3%
31% above
91.4% high school+
Unemployment
3.6%
0% below
4.4% poverty rate
Obesity Rate
27.4%
15% below
11.6% smoking rate
Avg Temperature
47°F
270 sunny days/yr

How Richfield Compares to the U.S. Average

Each bar shows Richfield's value as a percentage of the national average (100% = U.S. avg)

Income
112%
Home Value
114%
Rent
115%
Poverty
35%
Bachelor's
131%
Unemployment
100%
Crime
53%
Thin vertical line = U.S. national average (100%)

Is Richfield a Good Place to Live?

B+
3.6 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Richfield residents earn a median household income of $84,055 , which is 12% above the national average of $75,149. Per capita income is $46,914. The unemployment rate stands at 3.6% (0% below the U.S. rate of 3.6%). 4.4% of residents live below the poverty line. The area is home to 11,950 business establishments, including 748 restaurants.

Housing & Cost of Living

The median home value in Richfield is $320,400 , 14% above the national median of $281,900. Zillow estimates the typical home at $338,987. Median rent is $1,334/month, with 26.6% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1959.

Safety & Crime

Richfield reports 202 violent crimes per 100,000 residents , which is 47% below the national average of 380/100K. Property crime is 2,355/100K. The murder rate is 0.0/100K.

Education

44.3% of adults in Richfield hold a bachelor's degree or higher (31% above the national average). 91.4% have completed high school. Local schools score 6.6/10 in standardized testing.

Climate & Weather

Richfield has an average annual temperature of 47°F (8°C). Winters average 16°F in January while summers reach 74°F in July. The area gets 270 sunny days per year. Annual precipitation totals 31.6 inches. Air quality is rated Good with a median AQI of 36.

Data Overview

People

Population36,725
Median Age38.9 yrs
Density5,417/mi²
Male / Female50% / 50%
Foreign Born13.6%
Veterans4.9%

Economy

A
Median Income$84,055
Per Capita$46,914
Unemployment3.6%
Poverty4.4%
County GDP$37,138M
Avg Weekly Wage$1,400

Housing

A+
Home Value$320,400
Rent$1,334
Ownership62.4%
Zillow$338,987
Housing Units16,331
Rent Burden26.6%

Crime

F
Violent202/100K
Property2,355/100K
Murder0.0/100K
Assault105/100K
Burglary313/100K

Health

Obesity27.4%
Diabetes7.7%
Smoking11.6%
Heart Disease4.5%
Premature Death5,146/100K

Climate

Avg Temp47°F
Sunny Days270/yr
Rain31.6 in/yr
AQI36 (Good)
Elevation837 ft

Education

A+
Bachelor's+44.3%
High School+91.4%
Graduate+13.3%
School Score6.6/10

Community

2024 VoteR 43% / D 55%
Commute23 min
Broadband90.4%
Internet Speed139 Mbps
EV Stations1
Libraries10

Did You Know?

Richfield was founded in 1908.
The median home in Richfield was built in 1959.
15.7% work from home.
The nearest airport is Minneapolis-St Paul International/Wold-Chamberlain (3 miles).
The Gini coefficient (income inequality) is 0.411 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
12.3% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 139 Mbps.
There are 748 restaurants in the area.
The county recorded 24 fatal vehicle crashes.