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Richfield, MN&

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0.41% decline
Median Age
Median Household Income
3.19% growth
Poverty Rate
Number of Employees
1.8% decline
Median Property Value
3.13% growth

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The economy of Richfield, MN employs 19,285 people. The economy of Richfield, MN is specialized in Management of Companies & Enterprises; Finance & Insurance; and Admin., Support, Waste Management Services, which employ respectively 1.89; 1.45; 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 (3,000), Retail trade (2,208), and Accommodation & Food Service (2,044), 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 $54,642. Males in Richfield, MN have an average income that is 1.09 times higher than the average income of females, which is $53,279. The income inequality of Richfield, MN (measured using the Gini index) is 0.401 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 Rates

The closest comparable data for the census place of Richfield, MN is from the county of Hennepin County, MN.

Insurance Coverage by Age and Gender

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Richfield, MN is home to a population of 35,912 people, from which 87.4% are citizens. The ethnic composition of the population of Richfield, MN is composed of 22,275 White residents (62%), 5,899 Hispanic residents (16.4%), 3,521 Black residents (9.8%), 2,721 Asian residents (7.58%), and 1,342 Two+ residents (3.74%). 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 $188,100, which is 0.92 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value increased from $182,400 to $188,100, a 3.13% increase. The homeownership rate of Richfield, MN is 61.8%, which is lower than the national average of 63.6%. People in Richfield, MN have an average commute time of 20.4 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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