New Richland, MN
Population 1,068 · Minnesota
About New Richland, MN
New Richland is a small community in Minnesota with a population of 1,068 residents. The median household income is $62,841 per year, which is near the national average. The median age in New Richland is 40.9 years.
Housing in New Richland has a median home value of $133,000 and median monthly rent of $544. Of the 453 total housing units, the majority are owner-occupied, with 361 owner-occupied and 57 renter-occupied units.
The unemployment rate in New Richland is 2.0% and the poverty rate is 5.7%. 15.1% of residents hold a bachelor's degree or higher. The average commute time is 26.3 minutes.
How New Richland Ranks in Minnesota
Cost of Living in New Richland, MN
Compared to national averages, New Richland has a median household income of $62,841 (16% below the national median of $75,149). Home values average $133,000, which is 46% below the national median. Monthly rent at $544 is 53% below the US average of $1,163. Within Minnesota, New Richland's income is 15% below the state average of $74,221, and home values are 35% below the state median of $204,472.
Why Live in New Richland, MN?
New Richland offers affordable housing with a median home value of $133,000, below the US average of $244,900, and rent that’s lower than the national average at $544/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a low poverty rate of 5.7%, better than the national average.
Potential considerations include median household income ($62,841) that falls below the national average. However, New Richland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Richland has a population of 1,068 with a median age of 40.9 years. Compare New Richland with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near New Richland
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Little Rock | 1,075 | $51,719 | $34,100 | Compare |
| Eden Valley | 1,077 | $62,188 | $150,800 | Compare |
| Hilltop | 1,056 | $47,708 | $24,600 | Compare |
| Scanlon | 1,087 | $75,833 | $221,500 | Compare |
| Harmony | 1,089 | $65,536 | $154,800 | Compare |
| Parkers Prairie | 1,089 | $58,750 | $152,500 | Compare |
| Royalton | 1,092 | $64,643 | $201,500 | Compare |
| Nashwauk | 1,035 | $58,533 | $102,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Richland
What is the population of New Richland, MN?
The population of New Richland, MN is 1,068 according to the latest Census data.
What is the median household income in New Richland?
The median household income in New Richland, MN is $62,841 per year.
What is the median home value in New Richland?
The median home value in New Richland, MN is $133,000.
What is the average rent in New Richland?
The median monthly rent in New Richland, MN is $544.
What is the unemployment rate in New Richland?
The unemployment rate in New Richland, MN is 2.0%.