Richfield, ID
Population 558 · Idaho
About Richfield, ID
Richfield is a small community located in Idaho with a population of 558 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,375 per year, which is 21% below the national median of $75,149. The median age of 35.7 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Richfield features a median home value of $196,100, which is 20% below the national median of $244,900. This positions Richfield in a moderately priced market relative to the rest of the country. Median monthly rent is $731, 37% below the national average of $1,163/month. Of the 245 total housing units, 76% are owner-occupied (158 units) and 24% are renter-occupied (49 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Richfield shows an unemployment rate of 13.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.4%, above the national average of 12.4%. Workers in Richfield have an average one-way commute time of 31.3 minutes.
Education & Demographics
9.5% of Richfield residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 13.8% White, 3.6% Hispanic or Latino, 0.0% Black or African American, and 6.3% Asian residents, with 14.2% of the population being foreign-born.
How Richfield Ranks in Idaho
Cost of Living in Richfield, ID
Compared to national averages, Richfield has a median household income of $59,375 (21% below the national median of $75,149). Home values average $196,100, which is 20% below the national median. Monthly rent at $731 is 37% below the US average of $1,163. Within Idaho, Richfield's income is 9% below the state average of $65,190, and home values are 29% below the state median of $274,721.
Why Live in Richfield, ID?
Richfield offers affordable housing with a median home value of $196,100, below the US average of $244,900, and rent that’s lower than the national average at $731/month.
Potential considerations include median household income ($59,375) that falls below the national average. However, Richfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Richfield has a population of 558 with a median age of 35.7 years. Compare Richfield with other cities to see how it stacks up, or explore all cities in Idaho.
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Cities in Idaho with a similar population size.
Demographics
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Economy & Education
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Other Cities in Idaho
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Richfield
What is the population of Richfield, ID?
The population of Richfield, ID is 558 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Idaho.
What is the median household income in Richfield?
The median household income in Richfield, ID is $59,375 per year, which is 21% below the national median of $75,149.
What is the median home value in Richfield?
The median home value in Richfield, ID is $196,100, which is 20% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Richfield?
The median monthly rent in Richfield, ID is $731, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Richfield?
The unemployment rate in Richfield, ID is 13.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Richfield, ID a good place to live?
Richfield offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 558 and a median age of 35.7, the city appeals to a broad range of residents.
How educated is Richfield, ID?
9.5% of residents in Richfield aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Richfield?
Key cost-of-living indicators for Richfield, ID: median home value is $196,100 (20% below national), median rent is $731/month, and median household income is $59,375. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richfield?
The poverty rate in Richfield, ID is 20.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Richfield, ID?
Richfield's population is 13.8% White, 3.6% Hispanic or Latino, 0.0% Black or African American, 6.3% Asian, and 1.4% two or more races. 14.2% of residents are foreign-born.