Richfield, MN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
104
Richfield's Overall Cost Of Living
1.0x
Higher Than The National Average
70 out of 147
In Minnesota
3,585 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Richfield is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Richfield, MN?

According to the most recent data on the cost of living, Richfield has an overall cost of living index of 104 which is 1.0x higher than the national index of 100.

Compared to only Minnesota, Richfield has a cost of living index that's 1.0x lower than Minnesota's index of 104.

The standard of living in Richfield ranks as #3,586 most affordable out of the 6,418 places we measured in Minnesota. By definition, that implies Richfield ranks as the #2,833 most expensive place in the North Star State.

For more reading on life in Richfield, check out:

Richfield Cost Of Living Vs. Minnesota

Living Expense Richfield Minnesota National Average
Overall 104 104 100
Services 112 106 100
Groceries 104 102 100
Health 103 113 100
Housing 99 101 100
Transportation 101 102 100
Utilities 99 98 100
For more reading on cost of living around Minnesota, check out:
Richfield Cost of Living Vs. MN

Richfield, MN Housing Cost Breakdown

Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$241,100
Median Home Value
$1,150
Median Rent
$70,091
Median Income
Statistic Richfield Minnesota United States
Median Home Value $241,100 $235,700 $229,800
Median Rent $1,150 $1,010 $1,096
Median Income $70,091 $73,382 $64,994
Home Value To Income 3.4x 3.2x 3.5x
Rent To Monthly Income 0.2x 0.17x 0.2x

Detailed Richfield Services Costs Vs. Minnesota

Item Richfield Minnesota
Shampoo $1.09 $1.06
Movie $9.96 $10.68
Bowling $22.57 $14.67

Detailed Richfield Groceries Costs Vs. Minnesota

Item Richfield Minnesota
Ground Beef $4.4 $4.22
Fried Chicken $2.1 $1.39
Milk $2.6 $2.05

Detailed Richfield Health Costs Vs. Minnesota

Item Richfield Minnesota
Haircut $24.2 $18.62
Beauty Salon $34.39 $39.05
Toothpaste $3.36 $2.34

Detailed Richfield Transportation Costs Vs. Minnesota

Item Richfield Minnesota
Potatoes $3.32 $3.29
Pizza $12.99 $10.62
Beer $8.96 $9.38
Optometrist $89.59 $108.57
Doctor $147.85 $116.17
Dentist $86.94 $99.13

Detailed Richfield Utilities Costs Vs. Minnesota

Item Richfield Minnesota
Gasoline $2.06 $2.22
Tire Balancing $58.37 $50.07
All Electricity $160.63 $167.67
Phone $180.98 $175.64

Richfield SnackAbility

7.5
/10
Overall SnackAbility
Jobs
8/10
Housing
8.5
Affordability
6
Diversity
9
Safety
N/A
Amenities
9.5
Education
8.5
Commute
8

Cost Of Living In Cities Around Richfield

City Population Cost Of Living Vs. Richfield
Minneapolis, MN 424,536 108 1.0x
Bloomington, MN 85,226 107 1.0x
Plymouth, MN 78,879 122 1.2x
Maple Grove, MN 71,569 117 1.1x
Woodbury, MN 71,298 122 1.2x
Eagan, MN 66,377 112 1.1x
Lakeville, MN 65,710 116 1.1x
Eden Prairie, MN 64,481 121 1.2x
Burnsville, MN 61,536 110 1.1x
Minnetonka, MN 53,760 121 1.2x

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