Mounds View, MN vs Richfield, MN

Mounds View is moderately more affordable than Richfield, with a 5.5% lower cost of living index. Mounds View scores 98 compared to 103 for Richfield, where the US average is 100. This difference means residents of Richfield can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Mounds View is $1,216/month compared to $1,334/month in Richfield — a 9% difference. Home values follow the same pattern: Mounds View is more affordable at $294,500 median vs $320,400.

Median household income in Mounds View is $90,148 compared to $84,055 in Richfield (+7.2%). Mounds View offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Mounds View spend roughly 16.2% of their income on rent, less than the 19% in Richfield.

Climate-wise, both cities share similar average temperatures (45.8°F vs 46.9°F). Richfield receives more rainfall at 31.6" per year compared to 30.7" in Mounds View.