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Last Updated: 08/20/2022

LOCAL GUIDE

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All About

Living In Richfield, MN

A small city in Minnesota, Richfield has approximately 36,000 residents. It's a great place to transition into adulthood, as young professionals account for a larger portion of the population here (18%) than nationally (15%). Overall, the city's residents, at an average age of just under 39, are younger than most cities in Minnesota. Home ownership is more common than renting in the area, and 37% of residents rent. Relatively high rent costs may be a factor, as the average rent of $1,083 a month is substantially higher than the state average of $991.

Richfield residents have an average commute of about 23 minutes. Driving a vehicle is the most common means of commuting to work, selected by 45% of residents, while public transportation is used by just 4% of the population. Not many residents walk to work.

There are three primary industries in Richfield: healthcare, retail, and entertainment. Together, these industries account for 24% of the city's labor force. Meanwhile, looking at job function, many residents work in sales, as 8% of the city's population reports this as their field of work, the highest number of any field. Richfield workers take home an average annual income of about $72,000, less than the state average. However, Richfield's average income is fairly average compared to the national level of $73,345. Richfield has a relatively large percentage of residents older than 25 with a Bachelor's, Master's, Professional, or Doctoral degree (27%) compared to the national average (21%).



Frequently Asked Questions About Richfield

What is the average rent in Richfield?

The average rent of a studio apartment in Richfield is $1,412 per month. For a one-bedroom apartment it's $1,327 per month. For a two-bedroom apartment the average rent is $1,680 per month.

What is the average cost of rent for a one-bedroom in Richfield?

The average rent of a one-bedroom apartment in Richfield is $1,327

Are there any cheap apartments for rent in Richfield?

For the best deal, we recommend using our cheap apartments filter.

You can also filter by price: Under $900, Under $1000, Under $1100, Under $1300, Under $1400

Are there any pet friendly apartments in Richfield?

Apply Apartment Guide's pet friendly filter to see only Richfield apartments that accept pets.

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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