Richville, MN
Population 43 · Minnesota
About Richville, MN
Richville is a small community located in Minnesota with a population of 43 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 59.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Richville features a median home value of $130,000, which is 47% below the national median of $244,900. This makes Richville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $883, 24% below the national average of $1,163/month. Of the 28 total housing units, 55% are owner-occupied (12 units) and 45% are renter-occupied (10 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Richville shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 46.5%, above the national average of 12.4%. Workers in Richville have an average one-way commute time of 23.1 minutes.
Education & Demographics
9.7% of Richville 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Richville, MN
Compared to national averages, Richville has a median household income of $0 (100% below the national median of $75,149). Home values average $130,000, which is 47% below the national median. Monthly rent at $883 is 24% below the US average of $1,163. Within Minnesota, Richville's income is 100% below the state average of $74,221, and home values are 36% below the state median of $204,472.
Why Live in Richville, MN?
Richville offers affordable housing with a median home value of $130,000, below the US average of $244,900, and rent that’s lower than the national average at $883/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 23.1 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Richville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Richville has a population of 43 with a median age of 59.4 years. Compare Richville with other cities to see how it stacks up, or explore all cities in Minnesota.
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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 Richville
What is the population of Richville, MN?
The population of Richville, MN is 43 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Richville?
The median household income in Richville, MN is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Richville?
The median home value in Richville, MN is $130,000, which is 47% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Richville?
The median monthly rent in Richville, MN is $883, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Richville?
The unemployment rate in Richville, MN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Richville, MN a good place to live?
Richville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 43 and a median age of 59.4, the city appeals to established professionals and retirees.
How educated is Richville, MN?
9.7% of residents in Richville 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 Richville?
Key cost-of-living indicators for Richville, MN: median home value is $130,000 (47% below national), median rent is $883/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Richville?
The poverty rate in Richville, MN is 46.5%, 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 Richville, MN?
Richville's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.