Northfield, Minnesota is a moderately-sized city with a population of 20,405 inhabitants. According to the most recent Census, 88% of Northfield residents are White, 4% Asian and 2% Black. If you are a young adult or student, you might be pleased to know that the average age of all Northfield residents is 27. Northfield has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 80% of the population is classified as married and 59% have kids.
Whether you’re relocating to a new town to be closer to family, friends or for a new job, living in Northfield could be a positive experience compared to other cities in Minnesota if you know where to search. The best areas in Northfield and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, cost of living, education, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Minnesota and national averages.
With a livability score of 81/100, Northfield is ranked #1,217 in the United States and #7 in Minnesota. Pack your bags! This is a very high score in comparison to other US cities. Living in Northfield could be a great choice! The cherry on top is that Northfield also ranks in the top 10 percent of all cities. Based on the scores for each individual category, Northfield has been rewarded with high marks for amenities (A+), crime (A+), education (A) and housing (B). Unfortunately for Northfield, there are some categories for which it does not score well, this includes: weather (F).
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Northfield on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Northfield gets top scores for their low violent crime rates of 137 crimes per 100,000 residents, which are significantly lower than the national average.
For buyers, real estate will be the largest purchase they ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Northfield apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Northfield is real estate affordability. The median home price for Northfield homes is $196,400, which is 2.6% higher than the Minnesota average. If we take a closer look at the affordability of homes in Northfield, we’ll see that the home price to income ratio is 3.3, which is 10% higher than the Minnesota average. Real estate appreciation rates in Northfield are important to consider, as they can act as a guide to determine if your new home purchase will be a solid investment going forward. During the last twelve months, the appreciation rate for Northfield homes comes in at 6.4%, and the 5 year appreciation rates were 7.2%.