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.
|Living Expense||Richfield||Minnesota||National Average|
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.
|Median Home Value||$241,100||$235,700||$229,800|
|Home Value To Income||3.4x||3.2x||3.5x|
|Rent To Monthly Income||0.2x||0.17x||0.2x|
|City||Population||Cost Of Living||Vs. Richfield|
|Maple Grove, MN||71,569||117||1.1x|
|Eden Prairie, MN||64,481||121||1.2x|