Richmond, Minnesota is a small town located in Stearns County with an estimated population of 563 people. It offers a quiet, rural lifestyle without sacrificing convenient amenities like grocery stores and plenty of recreational activities. The average two-bedroom rent in the city is $840, which is significantly lower than the national average of $1,430. In addition to this, the Grocery Cost Index is the same as the US average at 100.
Local companies in Richmond include Hartman Electric Inc., Schmitt Concrete Construction Inc., and Diamond Lake Campground & Resort. Amenities offered include plenty of outdoor activities like fishing at Diamond Lake Park or taking a short drive to Clearwater Lake for boating and swimming. There are also numerous restaurants in town, such as Richmond Supper Club and Koda's Pub & Grub. All these factors make Richmond an ideal small town for those looking for a tranquil lifestyle with small town convenience.
Richmond (zip 56368) has an unemployment rate of 4.7%. The US average is 6.0%.
Richmond (zip 56368) has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Richmond (zip 56368)
- The Sales Tax Rate for Richmond (zip 56368) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Richmond (zip 56368) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Richmond (zip 56368)
- The average income of a Richmond (zip 56368) resident is $35,874 a year. The US average is $37,638 a year.
- The Median household income of a Richmond (zip 56368) resident is $82,733 a year. The US average is $69,021 a year.