Relocating for professional or personal reasons is bound to enter the minds of individuals for various reasons. Some may consider cities or counties within the United States of America. It is at this point that interest in Richmond Minnesota demographics and business data is peaked.

Layout of the Richmond Area

Richmond is a city that can be found just within 12 miles west of Interstate 94 on Highway 23. It is 90 minutes northwest of the twin cities. This city boasts several options and opportunities for just about everyone.

Population of Richmond Minnesota

Richmond has a low population density of 1491 persons per square mile.

The city has 1,366 inhabitants. This figure was confirmed by the annual census of 2011. The number of males in the population is slightly higher than the number of females. This is so since males account for 50.7 percent of the population while females account for 49.3 percent. The average age of the populace in the city is 37.7 years.

Racial Structure of the Population

The population of Richmond is predominantly white. Whites account for 99.3 percent of the populace. This translates into 1,356 members of the total population. The Hispanic race accounts for 0.5 percent of the population and this figure represents the seven individuals’ of this racial background living within the city. Three persons of Asian descent live within the region. This accounts for 0.5 percent of the population.

Businesses in the City

Businesses in Richmond provide employment opportunities for the city and help to maintain and improve the economic climate of the city.

Financial Information

The average annual income for a typical household in Richmond is estimated at $ 44,417. The cost of living index in Richmond as of January 2011 is 88.0. This figure is less than average as the index for the country is 100. It should be noted though that unemployment within the state has been slowly and steadily declining since it peaked in 2009.

Housing Costs

The average price of housing units as gleaned from the 2009 census is $ 160,497. Detached houses attract a cost of $ 161,153 on average. The cost of townhouses or other attached units is on average $ 183,871.Renters and prospective renters in Richmond can expect to pay roughly 542 dollars.

This city with its multiple interests appeal has much to offer in terms of professional and personal benefits. Naturally it ranks among the top places to consider when contemplating a place to work or live. Financial challenges may arise however the sharp and creative thinker can turn this situation into an opportune chance for success.

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