New Richmond, WI
Population 10,334 · Wisconsin
About New Richmond, WI
New Richmond is a mid-sized city in Wisconsin with a population of 10,334 residents. The median household income is $87,500 per year, which is above the national average. The median age in New Richmond is 37.6 years.
Housing in New Richmond has a median home value of $269,000 and median monthly rent of $1,070. Of the 4,405 total housing units, the majority are owner-occupied, with 2,696 owner-occupied and 1,594 renter-occupied units.
The unemployment rate in New Richmond is 1.7% and the poverty rate is 7.8%. 33.1% of residents hold a bachelor's degree or higher. The average commute time is 25.9 minutes.
Cost of Living in New Richmond, WI
Compared to national averages, New Richmond has a median household income of $87,500 (16% above the national median of $75,149). Home values average $269,000, which is 10% above the national median. Monthly rent at $1,070 is 8% below the US average of $1,163. Within Wisconsin, New Richmond's income is 21% above the state average of $72,579, and home values are 31% above the state median of $205,802.
Why Live in New Richmond, WI?
New Richmond offers a strong local economy with a median household income of $87,500, well above the national average, and rent that’s lower than the national average at $1,070/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a low poverty rate of 7.8%, better than the national average.
New Richmond has a population of 10,334 with a median age of 37.6 years. Compare New Richmond with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near New Richmond
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Portage | 10,374 | $62,785 | $187,300 | Compare |
| Elkhorn | 10,259 | $73,052 | $255,300 | Compare |
| Hobart | 10,418 | $111,918 | $363,500 | Compare |
| Monroe | 10,568 | $67,621 | $184,400 | Compare |
| Reedsburg | 10,060 | $71,991 | $218,300 | Compare |
| Sparta | 9,921 | $60,517 | $168,800 | Compare |
| DeForest | 10,853 | $106,223 | $337,500 | Compare |
| Hartland | 9,716 | $87,297 | $358,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about New Richmond
What is the population of New Richmond, WI?
The population of New Richmond, WI is 10,334 according to the latest Census data.
What is the median household income in New Richmond?
The median household income in New Richmond, WI is $87,500 per year.
What is the median home value in New Richmond?
The median home value in New Richmond, WI is $269,000.
What is the average rent in New Richmond?
The median monthly rent in New Richmond, WI is $1,070.
What is the unemployment rate in New Richmond?
The unemployment rate in New Richmond, WI is 1.7%.