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Richfield, MN&

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0.51% growth
Median Age
Median Household Income
0.9% growth
Poverty Rate
Number of Employees
1.15% growth
Median Property Value
-1.3% decline

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The economy of Richfield, MN employs 19,639 people. The economy of Richfield, MN is specialized in Management of Companies & Enterprises; Admin., Support, Waste Management Services; and Finance & Insurance, which employ respectively 5.11; 1.52; and 1.44 times more people than what would be expected in a location of this size. The largest industries in Richfield, MN are Healthcare & Social Assistance (3,068), Retail trade (2,293), and Accommodation & Food Service (2,177), and the highest paying industries are Utilities ($70,104), Professional, Scientific, Tech Services ($61,875), and Finance & Insurance ($46,228).

Median household income in Richfield, MN is $52,954. Males in Richfield, MN have an average income that is 1.11 times higher than the average income of females, which is $54,904. The income inequality of Richfield, MN (measured using the Gini index) is 0.443 which is lower than the national average.


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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Richfield, MN. In Hennepin County, MN the age groups most likely to have health care coverage are 25-34 and 25-34, men and women, respectively. The location has a 1 to 117 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $7,947. Beltrami County, MN has the highest prevalence of homicides of any county in Minnesota.


Clinician to Patient Ratios

Showing data across all counties in Minnesota.

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Richfield, MN is home to a population of 36,059 people, from which 86.7% are citizens. The ethnic composition of the population of Richfield, MN is composed of 22,236 White residents (61.7%), 6,305 Hispanic residents (17.5%), 3,380 Black residents (9.4%), 2,761 Asian residents (7.66%), and 1,175 Two+ residents (3.26%). The most common foreign languages in Richfield, MN are Spanish (5,189 speakers), African Languages (655 speakers), and Other Asian (528 speakers), but compared to other places, Richfield, MN has a relative high number of Scandinavian (86 speakers), Hmong (167 speakers), and African Languages (655 speakers).


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In 2015 universities in Richfield, MN awarded 381 degrees. The student population of Richfield, MN is skewed towards females, with 115 male students and 266 female students. Most students in Richfield, MN are White (307 and 80.6%), followed by Asian (21 and 5.51%), Black or African American (20 and 5.25%), and Hispanic or Latino (13 and 3.41%). The largest universities in Richfield, MN by number of graduates are Minnesota School of Business-Richfield (288 and 75.6%), Adler Graduate School (93 and 24.4%), and N/A (N/A and N/A). The most popular majors in Richfield, MN are Registered Nursing (39 and 10.2%), General Business Administration & Management (37 and 9.7%), and Health Care Administration & Management (14 and 3.67%). The median tuition costs in Richfield, MN are N/A for private four year colleges, and N/A and N/A respectively, for public four year colleges for in-state students and out-of-state students.



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Housing & Living

The median property value in Richfield, MN is $182,400, which is 0.94 times smaller than the national average of $194,500. Between 2014 and 2015 the median property value decreased from $184,800 to $182,400, a -1.3% increase. The homeownership rate of Richfield, MN is 63.1%, which is lower than the national average of 63.9%. People in Richfield, MN have an average commute time of 20.8 minutes, and they commute by Drove Alone. Car ownership in Richfield, MN is approximately the same as the national average, with an average of 2 cars per household.


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Keep Exploring

United States
Hennepin County, MN
Minneapolis-St. Paul-Bloomington, MN-WI Metro Area
metropolitan statistical area
Hennepin County--Bloomington & Richfield Cities PUMA
public use microdata area
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