Living in New Richmond, Wisconsin
Cost of living, income, home prices, rent and demographics of New Richmond · Census data 2020–2024
New Richmond has 10,539 residents with a median age of 38. The median household income is $88,157 (14% higher than the Wisconsin median), the median home value is $285,100, the median rent is $1,168/month.
New Richmond at a glance
- Population
- 10,539
- Median age
- 38State: 40.2
- Median household income
- $88,157State: $77,485
- Median home value
- $285,100State: $266,500
- Median rent
- $1,168/moState: $1,087
- Homeowners
- 62.1%
- Bachelor's degree or higher
- 34.2%
- Average commute
- 25 min
Is New Richmond a good place to live?
Pros: Median household income 14% higher than the Wisconsin median; unemployment of 2.9%; a poverty rate of 10.5%.
Cons: Home values 7% higher than the state median; an average commute of 25 minutes.
The weather is best in June to September.
Cost of living in New Richmond
Housing is the biggest part of the cost of living. In New Richmond the median home value is $285,100, 14% lower than the U.S. median. Renters pay a median of $1,168 per month, which is 21.2% of household income. Homeowners with a mortgage pay $1,736 a month in housing costs.
New Richmond median household income
The median household income in New Richmond is $88,157 and the income per person is $41,153. 10.5% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in New Richmond: homes for sale and rent
- Housing units
- 4,513
- Owner-occupied
- 62.1%
- Renter-occupied
- 37.9%
- Vacant
- 3.2%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.34
New Richmond demographics
- Population
- 10,539
- Median age
- 38
- Under 18
- 23.8%
- 65 and older
- 16.1%
- Households
- 4,369
- Foreign-born
- 1.1%
- Veterans
- 6.2%Adults 18+
Hispanic or Latino can be of any race. Population history of New Richmond ›
Education in New Richmond
34.2% of adults 25 and older in New Richmond have a bachelor's degree or higher (Wisconsin: 33.4%), and 10.8% have a graduate or professional degree.
Jobs and commute in New Richmond
- Unemployment rate
- 2.9%State: 3.2%
- Average commute
- 25 minState: 22 min
- Work from home
- 13.3%
- Drive alone
- 78.1%
- Public transit
- 0.1%
- Walk to work
- 0.7%
- Homes with broadband
- 89.4%
New Richmond vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Richmond | 10,539 | $88,157 | $285,100 | $1,168 |
| Star Prairie | 674 | $77,188 | $283,500 | $1,047 |
| Somerset | 3,208 | $80,395 | $286,600 | $1,191 |
| Deer Park | 223 | $66,875 | $184,100 | $694 |
| Roberts | 1,858 | $93,400 | $288,000 | $1,628 |
| Hammond | 1,960 | $82,721 | $262,200 | $944 |
| Marine on St. Croix | 740 | $126,250 | $470,100 | $2,250 |
| Houlton | 240 | $113,345 | — | — |
| North Hudson | 3,819 | $122,647 | $385,300 | $1,506 |
More for people moving to New Richmond
New Richmond ZIP code ›Weather and climate ›Living in New Richmond: FAQ
What is the median household income in New Richmond, WI?
The median household income in New Richmond is $88,157, 14% higher than the Wisconsin median of $77,485 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in New Richmond?
The median home value in New Richmond is $285,100, compared with $266,500 in Wisconsin.
How much is rent in New Richmond?
The median gross rent in New Richmond is $1,168 per month, about 21.2% of household income.
Is New Richmond, WI a good place to live?
Pluses: median household income 14% higher than the Wisconsin median; unemployment of 2.9%; a poverty rate of 10.5%. Minuses: home values 7% higher than the state median; an average commute of 25 minutes.
What is the median age in New Richmond?
The median age in New Richmond is 38 years (Wisconsin: 40.2).
How long is the commute in New Richmond?
The average commute to work in New Richmond is 25 minutes; 13.3% of workers work from home.
What is the unemployment rate in New Richmond?
The unemployment rate in New Richmond is 2.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Richmond?
34.2% of adults in New Richmond 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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