New Richland city, Minnesota Demographics & Population 2026
As of 2026, New Richland city, Minnesota has a total population of 1,068, the 357th largest city in Minnesota, with a median household income of $62,841, which is 28% lower than the state average. The poverty rate is 5.7%.
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.1x.
- Near full employment with an unemployment rate of just 2.0%.
New Richland city Quick Facts
How New Richland city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
New Richland city Rankings in Minnesota
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Other Cities in Waseca County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Waseca city | 9,209 | $61,546 | 9.3% | $185,600 |
| Janesville city | 2,449 | $72,120 | 4.2% | $194,400 |
| Elysian city | 663 | $98,571 | 5.6% | $295,700 |
| Waldorf city | 164 | $55,357 | 11.0% | $120,600 |
Cities Similar to New Richland city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Eden Valley city | 1,077 | $62,188 | $150,800 | 9.5% | 13.2% |
| Royalton city | 1,092 | $64,643 | $201,500 | 17.3% | 20.8% |
| Harmony city | 1,089 | $65,536 | $154,800 | 20.7% | 9.1% |
| Parkers Prairie city | 1,089 | $58,750 | $152,500 | 10.8% | 13.8% |
| Hector city | 1,111 | $59,762 | $124,100 | 14.7% | 7.8% |
Population Overview
New Richland city is a small community located in Minnesota, within Waseca County. The total population is 1,068. It ranks as the 357th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in New Richland city is 40.9 years. This is 6% higher than the state median of 38.6 years. 15.3% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in New Richland city is $62,841. This is 28% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 20% lower. The poverty rate stands at 5.7%. This is 38% lower than the state poverty rate of 9.2%. The unemployment rate is 2.0%. This is 50% lower than the state rate of 3.9%. The median home value is $133,000. Housing costs are 56% lower than the state median of $305,500. With a home-value-to-income ratio of just 2.1x, New Richland city is one of the most affordable housing markets in the area. 86.4% of occupied housing units are owner-occupied. This homeownership rate is 19% higher than the state average of 72.4%.
Race & Ethnicity
New Richland city has a predominantly White (non-Hispanic) population, comprising 97.6% of all residents. Black or African American residents account for 0.5%. The Black or African American population (0.5%) is well below the state average of 6.7%.
Education
15.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 61% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.1%.
Data Sources & Methodology
All demographic data for New Richland city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of New Richland city, Minnesota?
New Richland city, Minnesota has a population of 1,068 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Richland city, MN?
The median household income in New Richland city is $62,841, which is 20% lower the national median of $78,538.
What is the poverty rate in New Richland city, MN?
The poverty rate in New Richland city is 5.7%. This means approximately 56 residents live below the federal poverty line.
What is the racial makeup of New Richland city, Minnesota?
New Richland city's population is 97.6% White, 0.5% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in New Richland city, MN?
The median home value in New Richland city is $133,000. The home-value-to-income ratio is 2.1x.
How educated is New Richland city, Minnesota?
15.1% of adults (25+) in New Richland city hold a bachelor's degree or higher, and 3.9% hold a graduate or professional degree.