Living in New Richland, Minnesota
Cost of living, income, home prices, rent and demographics of New Richland · Census data 2020–2024
New Richland has 1,184 residents with a median age of 38.9. The median household income is $67,000 (25% lower than the Minnesota median), the median home value is $137,000, the median rent is $585/month.
New Richland is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Richland at a glance
- Population
- 1,184
- Median age
- 38.9State: 38.8
- Median household income
- $67,000State: $89,062
- Median home value
- $137,000State: $329,300
- Median rent
- $585/moState: $1,280
- Homeowners
- 86.1%
- Bachelor's degree or higher
- 17.6%
- Average commute
- 31 min
Is New Richland a good place to live?
Pros: Home values 58% lower than the state median; unemployment of 0.8%; a poverty rate of 7.4%.
Cons: Median household income 25% lower than the Minnesota median; an average commute of 31 minutes.
The weather is best in June to September.
Cost of living in New Richland
Housing is the biggest part of the cost of living. In New Richland the median home value is $137,000, 59% lower than the U.S. median. Renters pay a median of $585 per month, which is 30.3% of household income. Homeowners with a mortgage pay $1,147 a month in housing costs.
New Richland median household income
The median household income in New Richland is $67,000 and the income per person is $33,028. 7.4% of residents live below the poverty line (Minnesota: 9.3%).
Housing in New Richland: homes for sale and rent
- Housing units
- 494
- Owner-occupied
- 86.1%
- Renter-occupied
- 13.9%
- Vacant
- 6.9%Includes seasonal homes
- Median year built
- 1950
- Average household size
- 2.44
New Richland demographics
- Population
- 1,184
- Median age
- 38.9
- Under 18
- 21.5%
- 65 and older
- 26.9%
- Households
- 460
- Foreign-born
- 0.6%
- Veterans
- 8.2%Adults 18+
Hispanic or Latino can be of any race. Population history of New Richland ›
Education in New Richland
17.6% of adults 25 and older in New Richland have a bachelor's degree or higher (Minnesota: 39.4%), and 3.3% have a graduate or professional degree.
Jobs and commute in New Richland
- Unemployment rate
- 0.8%State: 4.1%
- Average commute
- 31 minState: 23 min
- Work from home
- 6.1%
- Drive alone
- 82.1%
- Public transit
- 0.5%
- Walk to work
- 4.1%
- Homes with broadband
- 88.3%
New Richland vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Richland | 1,184 | $67,000 | $137,000 | $585 |
| Hartland | 422 | $86,250 | $166,900 | $529 |
| Freeborn | 348 | $50,000 | $88,800 | $642 |
| Ellendale | 754 | $89,375 | $155,200 | $804 |
| Waldorf | 171 | $48,000 | $133,000 | — |
| Geneva | 387 | $61,500 | $182,500 | $670 |
| Clarks Grove | 636 | $73,750 | $123,400 | $845 |
| Waseca | 9,164 | $64,074 | $189,200 | $903 |
| Wells | 2,296 | $60,156 | $103,900 | $694 |
More for people moving to New Richland
New Richland ZIP code ›Weather and climate ›Living in New Richland: FAQ
What is the median household income in New Richland, MN?
The median household income in New Richland is $67,000, 25% lower than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Richland?
The median home value in New Richland is $137,000, compared with $329,300 in Minnesota.
How much is rent in New Richland?
The median gross rent in New Richland is $585 per month, about 30.3% of household income.
Is New Richland, MN a good place to live?
Pluses: home values 58% lower than the state median; unemployment of 0.8%; a poverty rate of 7.4%. Minuses: median household income 25% lower than the Minnesota median; an average commute of 31 minutes.
What is the median age in New Richland?
The median age in New Richland is 38.9 years (Minnesota: 38.8).
How long is the commute in New Richland?
The average commute to work in New Richland is 31 minutes; 6.1% of workers work from home.
What is the unemployment rate in New Richland?
The unemployment rate in New Richland is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Richland?
17.6% of adults in New Richland have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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