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New Richland, Minnesota

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,184
Population
$67,000
Median Income
$137,000
Home Value
38.9
Median Age

Demographics

New Richland has a population of 1,184 with a median age of 38.9. Here is the racial and ethnic breakdown of the population:

White
97.5%
Hispanic
6.4%
Demographic Value
Total Population1,184
Median Age38.9
White97.5%
Black or African American0.4%
Hispanic or Latino6.4%
New Richland, Minnesota — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 104.White: 93.5%Hispanic/Latino: 6.1%Other: 0.4%1,184PopulationWhiteWhite93.5%Hispanic/LatinoHispanic/Latino6.1%OtherOther0.4%

Income & Economy

The median household income in New Richland is $67,000, which is 16.9% below the national median of $80,610. The per capita income is $33,028. The poverty rate is 7.4%.

$67,000
Median Household Income
$33,028
Per Capita Income
7.4%
Poverty Rate

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Education

In New Richland, 96.5% of residents age 25+ have a high school diploma or higher, and 17.6% hold a bachelor's degree or higher (3.3% with a graduate or professional degree).

HS Diploma+
96.5%
Bachelor's+
17.6%
Graduate+
3.3%
Education Level % of Adults (25+)
High School Diploma or Higher96.5%
Bachelor's Degree or Higher17.6%
Graduate or Professional Degree3.3%

Housing

The median home value in New Richland is $137,000, below the national median of $303,400. The median monthly rent is $585. The homeownership rate is 86.1%.

$137,000
Median Home Value
$585/mo
Median Rent
86.1%
Homeownership Rate
Housing Metric Value
Median Home Value$137,000
Median Monthly Rent$585
Homeownership Rate86.1%
Vacancy Rate6.9%

Salaries in Minnesota

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Frequently Asked Questions

What is the population of New Richland, Minnesota?
The population of New Richland, Minnesota is 1,184 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in New Richland, Minnesota?
The median household income in New Richland, Minnesota is $67,000. This is 16.9% below the national median of $80,610.
What is the median home value in New Richland, Minnesota?
The median home value in New Richland, Minnesota is $137,000. The median monthly rent is $585.
What percentage of people in New Richland have a college degree?
In New Richland, Minnesota, 17.6% of adults age 25 and older hold a bachelor's degree or higher, and 96.5% have a high school diploma or higher.
Is New Richland, Minnesota an affordable place to live?
The home price-to-income ratio in New Richland, Minnesota is 2.0x (median home value $137,000 vs. median income $67,000), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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