Economy in Richfield, Minnesota
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Economy
| Unemployment Rate | 6.30% | 9.10% |
| Recent Job Growth | 0.36% | -0.12% |
| Future Job Growth | 34.42% | 31.25% |
| Sales Taxes | 6.65% | 6.80% |
| Income Taxes | 7.85% | 6.25% |
| Income per Cap. | $28,838 | $27,067 |
| Household Income | $53,342 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 8.47% | 12.10% |
| Income between 15K and 25K | 9.45% | 10.18% |
| Income between 25K and 35K | 13.13% | 10.56% |
| Income between 35K and 50K | 16.03% | 14.98% |
| Income between 50K and 75K | 22.39% | 19.53% |
| Income between 75K and 100K | 14.33% | 12.52% |
| Income between 100K and 150K | 12.27% | 12.14% |
| Income between 150K and 250K | 1.97% | 3.91% |
| Income between 250K and 500K | 1.63% | 3.34% |
| Income greater than 500K | 0.34% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 13.82% | 13.81% |
| Professional and Related Occupations | 23.45% | 22.68% |
| Service | 16.05% | 14.51% |
| Sales and Office | 31.27% | 25.22% |
| Farming, Fishing, and Forestry | 0.07% | 0.68% |
| Construction, Extraction, and Maintenance | 6.24% | 9.37% |
| Production, Transportation, and Material Moving | 14.26% | 15.86% |
The unemployment rate in Richfield, MN, is 6.30%, with job growth of 0.36%. Future job growth over the next ten years is predicted to be 34.42%.
Richfield, MN Taxes
Richfield, MN,sales tax rate is 6.65%. Income tax is 7.85%.
Richfield, MN Income and Salaries
The income per capita is $28,838, which includes all adults and children. The median household income is $53,342.
Richfield Economy SperlingViews
Urban Small Town: Comfortable middle class suburb. Fifteen minutes from both downtown Minneapolis and St. Paul. Conveniently close to the airport. Good schools. Lots of parks and... (read more)Richfield, MN: Richfield is a first-ring, older suburb of 1950's and 60's houses. They range from very nice, middle-class houses to poorly maintained, cheaply built houses that now... (read more)Have an opinion about Richfield? Leave a commentTo See All SperlingViews for Richfield Click Here
