Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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Income Statistics Overview
| Metric | Richfield | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,042 | $88,383 | $78,145 |
| Median Personal Income | $84,042 | $88,383 | $78,145 |
| Average income growth | 6.1% | 6.1% | 6.1% |
Household Income Trend
Median Household Income Over Time
Richfield
United States
Economic Inequality in Richfield | Gender Pay Gap | Gini Index
| Metric | Richfield | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Index | 0.482 | 0.520 | 0.570 |
| Male Median Income | $69,452 | $73,285 | $67,746 |
| Female Median Income | $64,391 | $61,000 | $54,793 |
| Gender Pay Gap | 7.3% | 16.8% | 19.1% |
Income by Sex Over Time
Male
Female
Employment
| Metric | Richfield | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 3.9% | 5.2% |
| Working from Home | 15.7% | 15.9% | 13.4% |
| Commute time (minutes) | 21 | 20 | 22 |
Unemployment Rate Over Time
Richfield
United States