Richfield, MN
36,642Residents
$85,132Median household income
$1,393/moMedian gross rent
$344,000Median home value
39.4Median age
44%Adults with a bachelor’s degree or higher
62%Homes lived in by their owners
4.0×Home value to household income
Median rent takes about 20% of the median household income in Richfield.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $56,000 a year. In Minnesota that leaves roughly $3,614 a month after tax. See the full paycheck breakdown for $55,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.