Richfield, WI
Population 11,806 · Wisconsin
About Richfield, WI
Richfield is a mid-sized city located in Wisconsin with a population of 11,806 residents according to the latest US Census Bureau American Community Survey data. The median household income is $135,774 per year, which is 81% above the national median of $75,149. The median age of 49.7 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 $456,500, which is 86% above the national median of $244,900. This places Richfield in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,460, 26% above the national average of $1,163/month. Of the 4,725 total housing units, 97% are owner-occupied (4,461 units) and 3% are renter-occupied (117 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Richfield shows an unemployment rate of 1.3%, 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 28.2 minutes.
Education & Demographics
49.1% 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 0.1% White, 0.2% Hispanic or Latino, 0.1% Black or African American, and 0.5% Asian residents, with 1.5% of the population being foreign-born.
How Richfield Ranks in Wisconsin
Cost of Living in Richfield, WI
Compared to national averages, Richfield has a median household income of $135,774 (81% above the national median of $75,149). Home values average $456,500, which is 86% above the national median. Monthly rent at $1,460 is 26% above the US average of $1,163. Within Wisconsin, Richfield's income is 87% above the state average of $72,579, and home values are 122% above the state median of $205,802.
Why Live in Richfield, WI?
Richfield offers a strong local economy with a median household income of $135,774, well above the national average, and a strong job market with an unemployment rate of just 1.3%, and a well-educated community where 49.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $456,500. However, Richfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Richfield has a population of 11,806 with a median age of 49.7 years. Compare Richfield with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Richfield
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sussex | 11,795 | $112,031 | $384,900 | Compare |
| Little Chute | 11,930 | $79,260 | $223,400 | Compare |
| Platteville | 11,421 | $42,667 | $186,900 | Compare |
| Oregon | 11,384 | $100,695 | $361,200 | Compare |
| Grafton | 12,274 | $88,634 | $301,300 | Compare |
| Cedarburg | 12,317 | $82,110 | $386,400 | Compare |
| Waupun | 11,244 | $66,931 | $167,700 | Compare |
| Two Rivers | 11,224 | $58,716 | $121,800 | 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.
Compare Richfield With Other Cities
Frequently Asked Questions about Richfield
What is the population of Richfield, WI?
The population of Richfield, WI is 11,806 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Wisconsin.
What is the median household income in Richfield?
The median household income in Richfield, WI is $135,774 per year, which is 81% above the national median of $75,149.
What is the median home value in Richfield?
The median home value in Richfield, WI is $456,500, which is 86% 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, WI is $1,460, which is 26% above the national average of $1,163/month.
What is the unemployment rate in Richfield?
The unemployment rate in Richfield, WI is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Richfield, WI a good place to live?
Richfield offers above-average incomes, a competitive housing market, and a strong job market. With a population of 11,806 and a median age of 49.7, the city appeals to established professionals and retirees.
How educated is Richfield, WI?
49.1% 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, WI: median home value is $456,500 (86% above national), median rent is $1,460/month, and median household income is $135,774. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Richfield?
The poverty rate in Richfield, WI 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, WI?
Richfield's population is 0.1% White, 0.2% Hispanic or Latino, 0.1% Black or African American, 0.5% Asian, and 0.0% two or more races. 1.5% of residents are foreign-born.