Richfield, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Richfield, Minnesota had a total population of 36,642, the 26th largest city in Minnesota, with a median household income of $85,132, which is 4% lower than the state average. The poverty rate is 8.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- 43.7% of adults hold a bachelor's degree or higher — top 10% in Minnesota.
Richfield Quick Facts
How Richfield 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 | 36,725 | 36,642 | -0.2% |
| Median household income | $84,055 | $85,132 | +1.3% |
| Median home value | $320,400 | $344,000 | +7.4% |
How Richfield 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 diverse community with significant representation from multiple racial and ethnic groups.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Richfield Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Hennepin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Minneapolis | 427,246 | $80,846 | 16.0% | $362,200 |
| Bloomington | 88,665 | $93,211 | 9.2% | $361,700 |
| Brooklyn Park | 83,876 | $89,891 | 9.5% | $336,200 |
| Plymouth | 79,220 | $136,534 | 4.3% | $491,200 |
| Maple Grove | 71,173 | $132,731 | 4.0% | $418,300 |
| Eden Prairie | 63,051 | $130,489 | 4.6% | $473,900 |
| Edina | 53,262 | $128,767 | 4.7% | $646,300 |
| Minnetonka | 53,064 | $119,517 | 5.9% | $475,800 |
| St. Louis Park | 49,594 | $101,648 | 6.9% | $386,800 |
| Brooklyn Center | 32,479 | $72,535 | 12.3% | $274,300 |
Cities Similar to Richfield
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Roseville | 35,802 | $86,930 | $352,100 | 55.0% | 7.5% |
| Inver Grove Heights | 35,906 | $101,316 | $363,400 | 43.5% | 4.9% |
| Maplewood | 40,695 | $91,394 | $323,200 | 35.3% | 11.2% |
| Brooklyn Center | 32,479 | $72,535 | $274,300 | 24.6% | 12.3% |
| Fridley | 30,241 | $77,680 | $302,900 | 30.0% | 11.9% |
Population Overview
Richfield is a mid-sized community located in Minnesota, within Hennepin County. The total population is 36,642. It ranks as the 26th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Richfield is 39.4 years. This is 2% higher than the state median of 38.8 years.
Economy, Income & Housing
The median household income in Richfield is $85,132. This is 4% lower than the state median of $89,062. It is also 5% higher than the national median of $80,734. The poverty rate stands at 8.2%. This is 12% lower than the state poverty rate of 9.3%. The unemployment rate is 5.3%. This is 31% higher than the state rate of 4.1%. The median home value is $344,000. Housing costs are 4% higher than the state median of $329,300. The home-value-to-income ratio is 4.0x. 61.6% of occupied housing units are owner-occupied. This homeownership rate is 15% lower than the state average of 72.2%.
Race & Ethnicity
The largest racial or ethnic group in Richfield is White (non-Hispanic), making up 60.9% of the population. Hispanic or Latino residents account for 17.8%. The Black or African American population is significantly higher than the state average (10.7% vs 7.0%). The Hispanic or Latino population is significantly higher than the state average (17.8% vs 6.4%).
Education
43.7% of residents aged 25 and older hold a bachelor's degree or higher. This places Richfield in the top 10% of all cities in the state for educational attainment. This is 11% higher 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 91.3%.
Data Sources & Methodology
All demographic data for Richfield, 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 Richfield, Minnesota?
Richfield, Minnesota has a population of 36,642 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Richfield, MN?
The median household income in Richfield is $85,132, which is 5% higher than the national median of $80,734.
What is the poverty rate in Richfield, MN?
The poverty rate in Richfield is 8.2%. This means approximately 2,983 residents live below the federal poverty line.
What is the racial makeup of Richfield, Minnesota?
Richfield's population is 60.9% White, 10.7% Black, 17.8% Hispanic/Latino, and 5.5% Asian.
What is the median home value in Richfield, MN?
The median home value in Richfield is $344,000. The home-value-to-income ratio is 4.0x.
How educated is Richfield, Minnesota?
43.7% of adults (25+) in Richfield hold a bachelor's degree or higher, and 12.5% hold a graduate or professional degree.