Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.1 yrs |
|---|---|
| Avg HH Size | 2.50 |
| Below Poverty | 5.7% ▼ 43% below avg |
| College Grads | 35.4% ▼ 9% below avg |
| Unemployment | 3.1% ▼ 36% below avg |
| No HS Diploma | 20 (0.7%) |
| HS Graduate | 1,136 (40.4%) |
| Some College | 260 (9.2%) |
| Associates | 402 (14.3%) |
| Bachelors | 371 (13.2%) |
| Graduate Degree | 626 (22.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $92,963 ▲ 22% above avg |
|---|---|
| Median Home Value | $309,500 ▲ 11% above avg |
| Home/Income Ratio | 3.3x (nat avg ~3.5x) |
| Median Rent | $822/mo |
| Total Housing Units | 2,312 |
| Vacant Units | 654 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Richmond is a city in Minnesota, located in Stearns County. The city spans 1 ZIP code and is home to approximately 4,162 residents. It is a mature city, with a median age of 45.1 years.
Economically, Richmond is a middle-income community. The median household income of $92,963 is above the national average. Approximately 5.7% of residents live below the poverty line. The unemployment rate is 3.1%, below the national average.
The real estate market in Richmond is a mid-range housing market. Median home values stand at $309,500, which is near the national average. Renters typically pay around $822 per month. Homeownership is high at 91.1%, typical of suburban and family-oriented communities.
The population of Richmond is moderately educated. 35.4% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (92.19%).
Richmond, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56368 | 4,162 | $92,963 | $309,500 | $822 | 3.1% | 35.4% | 91.1% |