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Richfield city, Minnesota Demographics & Population 2026

As of 2026, Richfield city, Minnesota has a total population of 36,725, the 26th largest city in Minnesota, with a median household income of $84,055, which is 4% lower than the state average. The poverty rate is 7.3%.

Key Takeaways

Richfield city Quick Facts

Population 36,725
Median Household Income $84,055
Median Home Value $320,400
Poverty Rate 7.3%
Unemployment Rate 5.1%
Median Age 38.9 years
Homeownership Rate 62.4%
Affordability Ratio 3.8x
Bachelor's Degree or Higher 44.3%
High School Graduation Rate 91.4%
Diversity Index 58/100
Population 36,725 26th of 913
Median Income $84,055 top 30%
Poverty Rate 7.3% 41% lower national
Median Home Value $320,400 top 20%

How Richfield city Compares

Economy & Housing

Employment

5.1% Unemployment Rate State: 3.9% | National: 5.2%
70.0% Labor Force Participation

Housing Overview

Owner 62.4%
Renter 37.6%
Affordability Index Affordable
3.8x home value to income ratio

People & Demographics

Diversity Index

58out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 40 | National average: 60

Education

Richfield city Rankings in Minnesota

#26 Population of 913
#253 Median Income of 913
#80 Education of 913
#131 Home Value of 913

Other Cities in Hennepin County

CityPopulationMedian IncomePovertyHome Value
Minneapolis city 426,845 $80,269 16.4% $345,600
Bloomington city 88,838 $90,677 9.1% $346,200
Brooklyn Park city 84,349 $85,964 10.3% $313,500
Plymouth city 79,526 $133,865 4.1% $474,700
Maple Grove city 70,539 $129,481 3.9% $397,400
Eden Prairie city 63,249 $127,732 6.0% $463,300
Minnetonka city 53,256 $120,496 4.8% $456,200
Edina city 53,125 $129,225 4.4% $624,000
St. Louis Park city 49,541 $100,250 7.3% $371,600
Brooklyn Center city 32,811 $72,009 11.5% $261,100

Cities Similar to Richfield city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Roseville city35,905$88,440$334,80054.4%7.2%
Inver Grove Heights city35,772$104,055$352,30043.0%4.6%
Maplewood city40,981$88,534$291,30036.3%10.0%
Brooklyn Center city32,811$72,009$261,10025.6%11.5%
Fridley city29,944$79,274$277,10030.6%11.4%

Population Overview

Richfield city is a mid-sized community located in Minnesota, within Hennepin County. The total population is 36,725. It ranks as the 26th most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Richfield city is 38.9 years. This is about average than the state median of 38.6 years.

Economy, Income & Housing

The median household income in Richfield city is $84,055. This is 4% lower than the state median of $87,556. Compared to the national median of $78,538, household income here is 7% higher. The poverty rate stands at 7.3%. This is 21% lower than the state poverty rate of 9.2%. The unemployment rate is 5.1%. This is 31% higher than the state rate of 3.9%. The median home value is $320,400. Housing costs are 5% higher than the state median of $305,500. The home-value-to-income ratio is 3.8x. 62.4% of occupied housing units are owner-occupied. This homeownership rate is 14% lower than the state average of 72.4%.

Race & Ethnicity

The largest racial or ethnic group in Richfield city is White (non-Hispanic), making up 61.1% of the population. Hispanic or Latino residents account for 18.4%. The Hispanic or Latino population is significantly higher than the state average (18.4% vs 6.2%).

Education

44.3% of residents aged 25 and older hold a bachelor's degree or higher. This places Richfield city in the top 10% of all cities in the state for educational attainment. This is 14% higher 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 91.4%.

Data Sources & Methodology

All demographic data for Richfield 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 Richfield city, Minnesota?

Richfield city, Minnesota has a population of 36,725 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Richfield city, MN?

The median household income in Richfield city is $84,055, which is 7% higher the national median of $78,538.

What is the poverty rate in Richfield city, MN?

The poverty rate in Richfield city is 7.3%. This means approximately 2,658 residents live below the federal poverty line.

What is the racial makeup of Richfield city, Minnesota?

Richfield city's population is 61.1% White, 9.8% Black, 18.4% Hispanic/Latino, and 6.2% Asian.

What is the median home value in Richfield city, MN?

The median home value in Richfield city is $320,400. The home-value-to-income ratio is 3.8x.

How educated is Richfield city, Minnesota?

44.3% of adults (25+) in Richfield city hold a bachelor's degree or higher, and 13.0% hold a graduate or professional degree.