Market Population Trends

Employment Type

Age Grouping

Ethnicity Mix 2018

Fertility Rate

427 estimated births

Household Characteristics

Median Age over Time

Households with Children by Age

Median Household Income

Educational Attainment

Unemployment Rate

Type of Housing

Housing Values

Median mortgage payment for 2018: $1,577

Average Rent as Percentage of Gross Income

Median rent for 2018: $1,021

Average Commute

Primary Transportation

Gender Mix

Field of Employment

Estimated Consumer Expenditures

Category
Estimated Annual Spend (in 000's)
Food $96,270
--Home Prepared Food $54,248
--Restaurant/Takeaway Food $42,023
Alcoholic Beverages $7,067
Housing $244,018
--Rent/Mortgage/Upkeep/Taxes $142,686
--Utilities $49,186
--Operations $18,528
--Supplies $9,073
--Furnishings $24,641
Apparel $22,635
--Men & Boys $5,062
--Women & Girls $9,169
--Children < 2 $96
--Footwear $4,775
Transportation $118,523
--New Vehicles $22,157
--Used Vehicles $25,309
--Fuel $25,596
--Insurance $11,843
--Public Transit $9,933
Healthcare $60,360
Entertainment $39,158
--Pets $8,023
--Toys $1,910
Personal Care Products $9,360
Books & Literature $1,337
Education $17,096
Tobacco Products $4,202
Miscellaneous $12,034
Retirement $22,921
Non-health Insurance $88,630
Total Expenditures $743,612

Selected Population Data

Period Geography Population
2014 Richfield city, Minnesota 35,877
2015 Richfield city, Minnesota 36,059
2016 Richfield city, Minnesota 35,912
2017 Richfield city, Minnesota 35,993
2018 Richfield city, Minnesota 35,982