Richmond, MN Employment - Median Household Income, Unemployment Rate

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C+

8%

Income/capita NAT. AVG.

2%

Household income NAT. AVG.

63%

Unemployment NAT. AVG.

Index	Richmond	Minnesota	National
Income per capita	$41,075	$49,588	$44,883
Median household income	$82,803	$92,370	$81,333
Median income owner occupied	$91,723	$117,544	$106,172
Median income renter occupied	$27,163	$52,026	$52,080
Median earnings male	$73,308	$60,747	$54,343
Median earnings female	$46,999	$42,223	$38,439
Unemployment rate	1.8%	3.6%	4.9%
Poverty level	9.7%	10.8%	15.1%

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21014 Elmway Rd

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Key findings

The income per capita in Richmond is 8% lower than the national average
The median household income in Richmond is 2% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Richmond is 63% lower than the national average
The poverty level in Richmond is 36% lower than the national average

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am i middle class

$55,196 $82,803 $165,606

City

$61,573 $92,370 $184,740

State

$54,216 $81,333 $162,666

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Richmond median earnings by income bracket

Richmond employment by industry

Labour Type	Male	Female
Construction industry	21.9%	21.9%
Manufacturing sector	29.0%	29.0%
Financial & insurance services	0.3%	0.3%
Wholesale & retail services	11.5%	11.5%
Public administration	1.4%	1.4%
Transportation, warehousing & utilities	9.6%	9.6%
Education, health & social services	3.3%	3.3%
Other	22.4%	22.4%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Rockville, MN	2,668	$131,610	61.8%
Lake Henry, MN	89	$130,640	60.6%
Avon, MN	1,599	$126,595	55.7%
Freeport, MN	872	$110,853	36.3%
St. Martin, MN	363	$110,764	36.2%
Richmond, MN	1,421	$82,803	1.8%

Cities with similar population

City	Population	Household Income	National Avg.
Virginia, IL	1,421	$71,620	11.9%
Bel Air CDP, MD	1,421	$70,528	13.3%
White Sands, NM	1,421	$93,853	15.4%
Milroy, PA	1,421	$65,499	19.5%
Matagami, QC	1,421	n/a
Richmond, MN	1,421	$82,803	1.8%

Source: The Richmond, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.