Richfield Springs, NY
Population 1,096 · New York
About Richfield Springs, NY
Richfield Springs is a small town located in New York with a population of 1,096 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,417 per year, which is 26% below the national median of $75,149. The median age of 33.8 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 Springs features a median home value of $132,500, which is 46% below the national median of $244,900. This makes Richfield Springs one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $759, 35% below the national average of $1,163/month. Of the 483 total housing units, 70% are owner-occupied (255 units) and 30% are renter-occupied (110 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Richfield Springs shows an unemployment rate of 1.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 29.4%, above the national average of 12.4%. Workers in Richfield Springs have an average one-way commute time of 32.4 minutes.
Education & Demographics
23.4% of Richfield Springs 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 3.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 1.9% of the population being foreign-born.
Cost of Living in Richfield Springs, NY
Compared to national averages, Richfield Springs has a median household income of $55,417 (26% below the national median of $75,149). Home values average $132,500, which is 46% below the national median. Monthly rent at $759 is 35% below the US average of $1,163. Within New York, Richfield Springs's income is 43% below the state average of $96,987, and home values are 66% below the state median of $387,181.
Why Live in Richfield Springs, NY?
Richfield Springs offers affordable housing with a median home value of $132,500, below the US average of $244,900, and rent that’s lower than the national average at $759/month, and a strong job market with an unemployment rate of just 1.2%.
Potential considerations include median household income ($55,417) that falls below the national average. However, Richfield Springs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Richfield Springs has a population of 1,096 with a median age of 33.8 years. Compare Richfield Springs with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Richfield Springs
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Little Valley | 1,096 | $43,095 | $89,300 | Compare |
| Greenvale | 1,095 | $105,114 | $674,600 | Compare |
| Northampton | 1,098 | $0 | $323,000 | Compare |
| Sand Ridge | 1,100 | $43,221 | $170,400 | Compare |
| Sodus Point | 1,101 | $79,405 | $231,400 | Compare |
| Stamford | 1,101 | $46,250 | $177,200 | Compare |
| Keuka Park | 1,103 | $83,942 | $418,800 | Compare |
| Afton | 1,086 | $37,885 | $112,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Richfield Springs With Other Cities
Frequently Asked Questions about Richfield Springs
What is the population of Richfield Springs, NY?
The population of Richfield Springs, NY is 1,096 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Richfield Springs?
The median household income in Richfield Springs, NY is $55,417 per year, which is 26% below the national median of $75,149.
What is the median home value in Richfield Springs?
The median home value in Richfield Springs, NY is $132,500, which is 46% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Richfield Springs?
The median monthly rent in Richfield Springs, NY is $759, which is 35% below the national average of $1,163/month.
What is the unemployment rate in Richfield Springs?
The unemployment rate in Richfield Springs, NY is 1.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Richfield Springs, NY a good place to live?
Richfield Springs offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,096 and a median age of 33.8, the city appeals to young professionals and families.
How educated is Richfield Springs, NY?
23.4% of residents in Richfield Springs 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 Springs?
Key cost-of-living indicators for Richfield Springs, NY: median home value is $132,500 (46% below national), median rent is $759/month, and median household income is $55,417. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richfield Springs?
The poverty rate in Richfield Springs, NY is 29.4%, 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 Springs, NY?
Richfield Springs's population is 3.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 1.0% two or more races. 1.9% of residents are foreign-born.