Median Income
$80,712
household / year
Median Home Value
$294,000
owner-occupied
Median Rent
$1,299
gross / month
Cost of Living
104
national avg = 100

Is Richfield, MN a Good Place to Live?

Richfield is a small city of 36,809 in Minnesota, with a median household income of $80,712 and a 4.6% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.

Strengths: Richfield stands out for lower-than-average crime, solid school ratings (A-), a well-educated population, short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Richfield is right for you depends on your priorities — the full breakdown is below.

All Richfield city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 104.5

Richfield's overall cost of living index is 104.5, where 100 represents the US national average. Living in Richfield costs roughly 4% more than the average American city.

Metric Richfield, MN National Avg
Median Home Value $294,000 $244,900
Median Monthly Rent $1,299 $1,163
Homeownership Rate 61.7% 65.9%
Median Household Income $80,712 $74,755

Crime & Safety

Safer than Average

Richfield's violent crime rate is 267.3 per 100,000 residents — 30% lower than the national average of ~380 per 100,000.

Violent Crime
267.3 /100k
Property Crime
2460.9 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Richfield is served primarily by RICHFIELD PUBLIC SCHOOL DISTRICT. The student-to-teacher ratio is 11.8:1 (better than the national average of ~16:1).

Metric Richfield, MN National Avg
School District RICHFIELD PUBLIC SCHOOL DISTRICT —
Elementary Schools 4 —
Middle Schools 1 —
High Schools 3 —
Student/Teacher Ratio 11.8:1 16:1
Bachelor's Degree or Higher 44.2% 35.4%
High School Diploma or Higher 91.5% 91.1%

Weather & Climate

Richfield sees average highs of 23.6°F in January and 83.4°F in July, with 34.6 inches of annual precipitation and 51.2 inches of snow per year.

MetricRichfield, MN
Average High — January23.6°F
Average High — July83.4°F
Annual Precipitation34.6"
Annual Snowfall51.2"

Demographics

MetricRichfield, MNNational Avg
Population36,809—
Median Age38.238.9
Unemployment Rate4.6%3.7%
Avg Commute Time23.4 min26 min
White (non-Hispanic)63.5%59.3%
Black or African American10.9%13.6%
Hispanic or Latino15.7%18.9%
Asian6.1%6.3%
Under 1819.1%22.2%
65 and over17.3%16.8%

Nearby Cities

Bloomington, MN 3 mi Edina, MN 4 mi Mendota, MN 6 mi Minneapolis, MN 6 mi St. Louis Park, MN 7 mi

ZIP Codes in Richfield

Richfield, MN is covered by 1 ZIP code:

55423

Richfield vs Other Cities

Richfield, MN vs Bloomington, MN Richfield, MN vs Edina, MN Richfield, MN vs Mendota, MN Richfield, MN vs Minneapolis, MN Richfield, MN vs St. Louis Park, MN

Frequently Asked Questions

Richfield's cost of living index is 104, where 100 is the national average. That puts Richfield roughly 4% above the national average in cost. The median home price is $294,000 and median rent is $1,299/month.
Richfield's violent crime rate is 267.3 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2460.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Richfield are operated by RICHFIELD PUBLIC SCHOOL DISTRICT. The district has 4 elementary, 1 middle, and 3 high schools. The student-to-teacher ratio is 11.8:1. 44.2% of adults 25+ hold a bachelor's degree or higher.
Richfield, MN has a population of 36,809, a median household income of $80,712, and an unemployment rate of 4.6%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Richfield averages 23.6°F in January and 83.4°F in July. Annual rainfall is 34.6 inches with about 51.2 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Richfield, MN is covered by 1 ZIP code: 55423.
The population of Richfield, Minnesota is 36,809 with a median age of 38.2. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Richfield: cost of living index 104 (100 = US average), median home $294,000, median household income $80,712, crime index 89 (100 = US average, lower is safer), schools rated A-. Whether these are benefits or drawbacks depends on where you're coming from — compare Richfield side by side with your current city to see the trade-offs.