Richfield, OH
Population 3,711 · Ohio
About Richfield, OH
Richfield is a small town located in Ohio with a population of 3,711 residents according to the latest US Census Bureau American Community Survey data. The median household income is $78,426 per year, which is 4% above the national median of $75,149. The median age of 55.6 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 Richfield features a median home value of $292,000, which is 19% above 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 $1,019, 12% below the national average of $1,163/month. Of the 1,673 total housing units, 91% are owner-occupied (1,458 units) and 9% are renter-occupied (146 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Richfield shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Richfield have an average one-way commute time of 23.1 minutes.
Education & Demographics
45.7% of Richfield residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 6.2% of the population being foreign-born.
How Richfield Ranks in Ohio
Cost of Living in Richfield, OH
Compared to national averages, Richfield has a median household income of $78,426 (4% above the national median of $75,149). Home values average $292,000, which is 19% above the national median. Monthly rent at $1,019 is 12% below the US average of $1,163. Within Ohio, Richfield's income is 9% above the state average of $71,814, and home values are 67% above the state median of $174,449.
Why Live in Richfield, OH?
Richfield offers a strong local economy with a median household income of $78,426, well above the national average, and rent that’s lower than the national average at $1,019/month, and a strong job market with an unemployment rate of just 1.0%. Additionally, the city features a well-educated community where 45.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.2%, better than the national average, and short commute times averaging just 23.1 minutes.
Richfield has a population of 3,711 with a median age of 55.6 years. Compare Richfield with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Richfield
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Plain City | 3,712 | $87,018 | $325,400 | Compare |
| Greentown | 3,714 | $120,417 | $300,300 | Compare |
| Greenhills | 3,693 | $74,337 | $166,000 | Compare |
| Sixteen Mile Stand | 3,735 | $128,177 | $635,800 | Compare |
| Mogadore | 3,737 | $74,313 | $168,400 | Compare |
| North Baltimore | 3,751 | $61,947 | $108,300 | Compare |
| Cedarville | 3,759 | $53,304 | $191,200 | Compare |
| Yellow Springs | 3,655 | $67,477 | $279,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Richfield With Other Cities
Frequently Asked Questions about Richfield
What is the population of Richfield, OH?
The population of Richfield, OH is 3,711 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Richfield?
The median household income in Richfield, OH is $78,426 per year, which is 4% above the national median of $75,149.
What is the median home value in Richfield?
The median home value in Richfield, OH is $292,000, which is 19% above 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, OH is $1,019, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Richfield?
The unemployment rate in Richfield, OH is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Richfield, OH a good place to live?
Richfield offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,711 and a median age of 55.6, the city appeals to established professionals and retirees.
How educated is Richfield, OH?
45.7% of residents in Richfield aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Richfield?
Key cost-of-living indicators for Richfield, OH: median home value is $292,000 (19% above national), median rent is $1,019/month, and median household income is $78,426. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Richfield?
The poverty rate in Richfield, OH is 4.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Richfield, OH?
Richfield's population is 0.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 3.2% two or more races. 6.2% of residents are foreign-born.