Richville, Minnesota Unemployment

Richville, Minnesota has a population of 88, with a median household income of $46,500.

Current unemployment data for Richville.

5.20%

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Population

88

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Median Income

$46,500

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Unemployment

5.20%

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Housing Price

$125,000

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Crime Rate

1.80

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Internet Speed

100.00 Mbps

Richville is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Minnesota, Richville provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Richville has a population of 88, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Richville is $46,500, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Richville is about $125,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Richville is 5.20%, slightly above the state average, suggesting moderate employment conditions. Richville has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Minnesota, Richville shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Minnesota, Richville contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Richville

What is the population of Richville?

The population of Richville is approximately 88.

Is Richville a good place to live?

Richville offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Richville?

The median household income in Richville is around $46,500.

How expensive is housing in Richville?

The average housing price in Richville is approximately $125,000.