Richmond, MN
1,431Residents
$71,438Median household income
$648/moMedian gross rent
$241,300Median home value
39.5Median age
18%Adults with a bachelor’s degree or higher
86%Homes lived in by their owners
3.4×Home value to household income
Median rent takes about 11% of the median household income in Richmond.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $26,000 a year. In Minnesota that leaves roughly $1,771 a month after tax. See the full paycheck breakdown for $30,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.