Living in Richfield, Wisconsin
Cost of living, income, home prices, rent and demographics of Richfield · Census data 2020–2024
Richfield has 11,755 residents with a median age of 47.8. The median household income is $143,963 (86% higher than the Wisconsin median), the median home value is $503,400, the median rent is $1,388/month.
Richfield at a glance
- Population
- 11,755
- Median age
- 47.8State: 40.2
- Median household income
- $143,963State: $77,485
- Median home value
- $503,400State: $266,500
- Median rent
- $1,388/moState: $1,087
- Homeowners
- 97.2%
- Bachelor's degree or higher
- 52.3%
- Average commute
- 28 min
Is Richfield a good place to live?
Pros: Median household income 86% higher than the Wisconsin median; unemployment of 1.3%; a poverty rate of 4.8%.
Cons: Home values 89% higher than the state median; an average commute of 28 minutes.
The weather is best in June to September.
Cost of living in Richfield
Housing is the biggest part of the cost of living. In Richfield the median home value is $503,400, 51% higher than the U.S. median. Renters pay a median of $1,388 per month, which is 13.7% of household income. Homeowners with a mortgage pay $2,637 a month in housing costs.
Richfield median household income
The median household income in Richfield is $143,963 and the income per person is $66,712. 4.8% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Richfield: homes for sale and rent
- Housing units
- 4,694
- Owner-occupied
- 97.2%
- Renter-occupied
- 2.8%
- Vacant
- 4.1%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.61
Richfield demographics
- Population
- 11,755
- Median age
- 47.8
- Under 18
- 20.3%
- 65 and older
- 20.8%
- Households
- 4,500
- Foreign-born
- 1.4%
- Veterans
- 6.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Richfield ›
Education in Richfield
52.3% of adults 25 and older in Richfield have a bachelor's degree or higher (Wisconsin: 33.4%), and 16.1% have a graduate or professional degree.
Jobs and commute in Richfield
- Unemployment rate
- 1.3%State: 3.2%
- Average commute
- 28 minState: 22 min
- Work from home
- 24.4%
- Drive alone
- 70.9%
- Public transit
- 0%
- Walk to work
- 0.5%
- Homes with broadband
- 95.2%
Richfield vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Richfield | 11,755 | $143,963 | $503,400 | $1,388 |
| Germantown | 20,962 | $100,231 | $373,600 | $1,355 |
| Lisbon | 10,736 | $123,720 | $414,500 | $1,371 |
| Jackson | 8,003 | $93,170 | $321,500 | $1,151 |
| Slinger | 6,307 | $101,404 | $367,000 | $1,022 |
| Lannon | 1,482 | $83,889 | $260,000 | $773 |
| Sussex | 12,066 | $119,041 | $430,600 | $1,369 |
| Merton | 3,550 | $173,913 | $575,800 | $2,136 |
| Menomonee Falls | 39,539 | $100,238 | $368,000 | $1,313 |
More for people moving to Richfield
Richfield ZIP code ›Weather and climate ›Living in Richfield: FAQ
What is the median household income in Richfield, WI?
The median household income in Richfield is $143,963, 86% 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 Richfield?
The median home value in Richfield is $503,400, compared with $266,500 in Wisconsin.
How much is rent in Richfield?
The median gross rent in Richfield is $1,388 per month, about 13.7% of household income.
Is Richfield, WI a good place to live?
Pluses: median household income 86% higher than the Wisconsin median; unemployment of 1.3%; a poverty rate of 4.8%. Minuses: home values 89% higher than the state median; an average commute of 28 minutes.
What is the median age in Richfield?
The median age in Richfield is 47.8 years (Wisconsin: 40.2).
How long is the commute in Richfield?
The average commute to work in Richfield is 28 minutes; 24.4% of workers work from home.
What is the unemployment rate in Richfield?
The unemployment rate in Richfield is 1.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Richfield?
52.3% of adults in Richfield 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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