New Richland, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, New Richland, Minnesota had a total population of 1,184, the 338th largest city in Minnesota, with a median household income of $67,000, which is 25% lower than the state average. The poverty rate is 7.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.0x.
- Near full employment with an unemployment rate of just 0.8%.
New Richland Quick Facts
How New Richland Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,068 | 1,184 | +10.9% |
| Median household income | $62,841 | $67,000 | +6.6% |
| Median home value | $133,000 | $137,000 | +3.0% |
How New Richland Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
New Richland Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Waseca County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Waseca | 9,164 | $64,074 | 9.5% | $189,200 |
| Janesville | 2,378 | $74,643 | 3.8% | $206,800 |
| Waldorf | 171 | $48,000 | 15.8% | $133,000 |
Cities Similar to New Richland
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| New London | 1,187 | $68,421 | $218,800 | 39.3% | 7.3% |
| Taylors Falls | 1,167 | $67,885 | $275,200 | 24.4% | 5.4% |
| Atwater | 1,203 | $71,042 | $159,900 | 18.0% | 5.5% |
| Scanlon | 1,146 | $68,750 | $228,800 | 19.3% | 7.6% |
| Spring Grove | 1,177 | $59,625 | $156,000 | 24.4% | 4.0% |
Population Overview
New Richland is a small community located in Minnesota, within Waseca County. The total population is 1,184. It ranks as the 338th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in New Richland is 38.9 years. This is about the same as the state median of 38.8 years. 15.1% 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 is $67,000. This is 25% lower than the state median of $89,062. It is also 17% lower than the national median of $80,734. The poverty rate stands at 7.4%. This is 20% lower than the state poverty rate of 9.3%. The unemployment rate is 0.8%. This is 79% lower than the state rate of 4.1%. The median home value is $137,000. Housing costs are 58% lower than the state median of $329,300. With a home-value-to-income ratio of just 2.0x, New Richland is one of the most affordable housing markets in the area. 86.1% of occupied housing units are owner-occupied. This homeownership rate is 19% higher than the state average of 72.2%.
Race & Ethnicity
New Richland has a predominantly White (non-Hispanic) population, comprising 91.0% of all residents. Hispanic or Latino residents account for 6.4%. The Black or African American population (0.4%) is well below the state average of 7.0%.
Education
17.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 55% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.5%.
Data Sources & Methodology
All demographic data for New Richland, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of New Richland, Minnesota?
New Richland, Minnesota has a population of 1,184 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in New Richland, MN?
The median household income in New Richland is $67,000, which is 17% lower than the national median of $80,734.
What is the poverty rate in New Richland, MN?
The poverty rate in New Richland is 7.4%. This means approximately 83 residents live below the federal poverty line.
What is the racial makeup of New Richland, Minnesota?
New Richland's population is 91.0% White, 0.4% Black, 6.4% Hispanic/Latino, and 0.0% Asian.
What is the median home value in New Richland, MN?
The median home value in New Richland is $137,000. The home-value-to-income ratio is 2.0x.
How educated is New Richland, Minnesota?
17.5% of adults (25+) in New Richland hold a bachelor's degree or higher, and 3.3% hold a graduate or professional degree.