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The total population of Richfield is estimated to be 36,809 with 18,339 males (49.82%) and 18,470 females (50.18%). There are 131 more females than males in Richfield.
The median household income in Richfield was $80,313 in 2021, which marked an an increase of 890(1.12%) from $79,423 in 2020. This income is 107.65% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Richfield sees its highest median household income among householders in the age group of 45 to 64 years old, at $91,523. Overall, the median household income for the city of Richfield stands at $80,313.
In Richfield, the median income for all workers aged 15 years and older, regardless of work hours, was $50,970 for males and $40,253 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $67,032 for males and $58,956 for females.
In Richfield, the demographic landscape is diverse, spanning 6 distinct racial categories among households. Among these, American Indian and Alaska Native households have the highest median household income at $130,078, while Black or African American households represent the opposite end with the lowest median household income of $49,992.
In 2022, the population of Richfield was 36,710, a 0.50% increase year-by-year from 2021. Previously, in 2021, Richfield's population was 36,527, a decline of 1.06% compared to a population of 36,920 in 2020.
The median age in Richfield, MN is 37.3, as per 2021 ACS 5-Year Estimates. Of the total population, 16.19% were under the age of 15, 20.93% aged 15 to 29, 46.36% aged 30 to 64, 13.81% aged 65 to 84, and 2.71% were 85 years of age and older.
Racial distribution of Richfield population: 63.86% are White, 11.70% are Black or African American, 0.52% are American Indian and Alaska Native, 5.49% are Asian, 0.06% are Native Hawaiian and other Pacific Islander, 10.94% are some other race and 7.42% are multiracial.