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Renter’s Guide to Richfield, MN
Founded in 1859 as a small farming community, the city was named after the fertile farmland and incorporated in 1908. After World War 2, the population of Richfield exploded dramatically as many moved here for its easy commute into the Twin Cities where there were more economic opportunities.
True to its name, the weather in Richfield is more comfortable than most places in Minnesota with June, July, and August being the most pleasant. The city averages 32 inches of rain per year, lower than the U.S. average of 38 but gets significantly more snow at 53 inches per year compared to the national average of just 28. Temperatures reach a summer high of 84F in July and a winter low of just 7F in January. Richfield residents enjoy 199 days of sunshine per year which is lower than the U.S. average of 205.
Richfield, MN Demographics
- Total Population35,993
Female 18,035Male 17,958
- Median Age36.7
Cost of Living in Richfield, MN
One important benefit of living in a suburb is to enjoy a lower cost of living while still having convenient access to the amenities of a “big city”. The cost of living in Richfield is significantly lower than what you would find in the nearby Twin Cities.
For a modest sized apartment, you can expect to pay just $115 per month for your utilities and $65 for your internet connection depending on what speed and bandwidth options you select.
The public transit system in Richfield is operated by Metro Transit and while there are no monthly bus passes, rides start at an affordable $2 per trip with reduced fares of just $1 per trip for seniors, youths, Medicare card holders, or those with disabilities.
Many Richfield residents will go into Minneapolis or St. Paul for nights out but if you stay in Richfield, expect to spend just $40 for a dinner for two at a mid-range restaurant before factoring in drinks. After all that eating, you’ll need to burn off those calories. Luckily, gym memberships are affordable in Richfield with the average gym charging just $32 per month.
Average Rent in Richfield, MN
- Richfield, MN Average Rental Price, November 2019 $1,120 /mo
Richfield, MN Apartment Rent Ranges
Richfield, MN Rent Trends
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Living in Richfield, MN
Like most suburbs in the United States, Richfield is home to many young families with the average age of residents sitting at a spritely 36.7 years old.
And while many people commute into Minneapolis or the Twin Cities for work, you’ll be happy to learn that the average commute time for Richfield residents is just 21.5 minutes compared to a US average of 26.4 minutes. For this commute, roughly 74.2% of residents drive alone, 10.5% carpool and 7.2% take transit.
Things to Do in Richfield, MN
With such close proximity to Minneapolis and St. Paul just a 24 minute drive away (roughly 19 miles), many residents head into the “big cities” to work and play. That said, there are plenty of fun things to do in Richfield for those who want to stay closer to home.
For all your shopping needs, there’s the Mall of America located in Bloomington just south of Richfield. Here you will find over 520 shops with everything you could possibly need from tech to toys and food to fashion. Notable stores include Nordstrom and Popeyes Louisiana Kitchen. Also in the mall is the Sea Life Minnesota Aquarium and the Void VR which are great places to spend time with family in Richfield.
While we’re on the topic of family-friendly activities in Richfield, there’s also the Nickelodeon Universe right next to the Mall of America. Take your kids here to meet Nickelodeon’s most famous characters from Spongebob to Dora the Explorer and enjoy over 27 thrilling rides.
For the more adventurous outdoor types, there’s the Wood Lake Nature Center with various programs and events throughout the year from environmental education to wildlife observation. Spread over 150 acres, you’ll find cross-country ski trails, limestone walking trails, and different habitats to explore: a cattail marsh, mixed lowlands, forest, and restored prairie land.
Employment & Economy in Richfield, MN
Even though Richfield is located near the economic powerhouses of Saint Paul and Minneapolis, the employment and economy in Richfield is strong and diverse in its own right.
The 3 top employers in Richfield, MN are Best Buy which employs 4500 people, US Bank employing 2400 and Richfield Public Schools employing 682.
With a median income of $59,884 per year, roughly 15.6% of residents work in healthcare and social assistance, 11.7% in retail trade, and 11.1% in accommodation and food services.
Richfield, MN Households
- Total Number of Households14,976
Family 8,138Non-family 6,838
Children 3,950No Children 11,026
- Average People Per Household2.38
- Median Household Income$59,844
- Median Housing Costs Per Month$1,111
Education in Richfield, MN
True to its family-friendly reputation, the school system in Richfield is strong.
The top private school in Richfield is the Academy of Holy Angels. Serving 670 students from Grades 9 to 12, it is considered the 13th best private high school in Minnesota. Known for its extra-curricular activities, 92% of students participate in activities outside of school such as the Knowledge Bowl, Math Stars, and various robotics and theatre programs.
The top elementary school in Richfield is Sheridan Hills Elementary School serving students from Pre-Kindergarten to Grade 5.
For older students, the top high school in Richfield is Richfield Senior High. Known for its 81% graduation rate, the school is the best in Richfield.
The top university in the Richfield area is the University of Minnesota with campuses in nearby Minneapolis and St. Paul. This university is widely referred to as a “public ivy” university offering education on par with the much lauded Ivy League schools. Researchers, alumni, and faculty have collectively won 30 Nobel Prizes and 3 Pulitzer prizes over the years.
Richfield, MN Education Statistics
- No High School5%
- Some High School25%
- Some College26%
- Associate Degree9%
- Bachelor Degree24%
- Graduate Degree11%
Tips for Renting in Richfield, MN
One of the biggest tips for those moving to Richfield is to choose a neighborhood that matches your lifestyle needs. In Richfield, there are 13 neighborhoods to choose from.
Another important tip is to know your renter’s rights in Richfield. The city of Richfield website has a lot of good information on the city’s Tenant Protection Ordinance. If you have further questions or need help with tenant-landlord disputes, HomeLine is a non-profit tenant advocacy organization that can help. They have a free legal help hotline available in English and Spanish.
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