Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.5 yrs |
|---|---|
| Avg HH Size | 2.38 |
| Below Poverty | 3.6% ▼ 64% below avg |
| College Grads | 37.2% ≈ Avg |
| Unemployment | 2.9% ▼ 41% below avg |
| No HS Diploma | 9 (0.6%) |
| HS Graduate | 491 (34.3%) |
| Some College | 167 (11.7%) |
| Associates | 233 (16.3%) |
| Bachelors | 249 (17.4%) |
| Graduate Degree | 283 (19.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $77,917 ≈ Avg |
|---|---|
| Median Home Value | $200,000 ▼ 28% below avg |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $775/mo |
| Total Housing Units | 1,034 |
| Vacant Units | 164 |
Income Distribution
How People Get to Work
Commute Time
Year Built
New Richland is a city in Minnesota, located in Waseca County. The city spans 1 ZIP code and is home to approximately 2,147 residents. It is a mature city, with a median age of 47.5 years.
Economically, New Richland is a middle-income community. The median household income of $77,917 is near the national average. Approximately 3.6% of residents live below the poverty line. The unemployment rate is 2.9%, below the national average.
The real estate market in New Richland is an affordable housing market. Median home values stand at $200,000, which is below the national average. Renters typically pay around $775 per month. Homeownership is high at 86.2%, typical of suburban and family-oriented communities.
The population of New Richland is moderately educated. 37.2% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (95.3%).
New Richland, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56072 | 2,147 | $77,917 | $200,000 | $775 | 2.9% | 37.2% | 86.2% |