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Richfield, MN 55423 has a population of approximately 36,275 and experiences a population change rate of 4.86%. The population density is 5,211.2 / sq mi .
The median household income for Richfield, MN 55423 is $74,415, with 15,679 households and an average household size of 2.34.
The median value of a home in Richfield, MN 55423 is $313,600 with an appreciation rate of 7.10%. 60.74% of housing in the state is owned while 36.29% is rented.
The cost of living in Richfield, MN 55423 is 113.4 %.
The unemployment rate in Richfield, MN 55423 is 2.50%, and recent job growth is at 0.59%. Future job growth is projected at 32.19%.
The sales tax rate in Richfield, MN 55423 is 8.03%, while the income tax rate is 6.80% .
School expenditures in Richfield, MN 55423 are $19,300, and the school ratio is 16.1:1.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 7 degrees. The average rainfall is approximately 31.7 inches per year, with 52.6 inches of snow per year.