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Richfield Apartment Features
Apartments Near Richfield
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%).
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