Richfield is a city in Minnesota state in USA with a population of 36253 residents.. The poverty rate of Richfield is 7.8%, which is 44% lower than national average. The typical household in Richfield earns $70091 a year, compared to the national median of $67,500. Nearly 32.3% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Richfield, only 91% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Richfield remained 5%, which is 6% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Richfield, only 43% of adults have a bachelor's degree and 27% have some college but no degree.

Cost of living in Richfield is 104, which is 4% higher than national average. Median home value in Richfield is $241100 , which is 5% higher than national average. While median income in Richfield remained $70091, which is 4% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.