College Costs in Richfield, MN 2026
Compare tuition, housing, and financial aid across 2 colleges in Richfield, Minnesota. Use our free calculator to estimate your total cost.
Avg Public Tuition
$14,200
per year
Avg Private Tuition
$38,000
per year
Avg Rent Near Campus
$906
per month
Colleges & Universities
2
institutions
Richfield Overview
Population
36,396
Student Population
2,601 (7.1%)
Cost of Living Index
94.3 (avg: 100)
Walk Score
43/100
Transit Score
24/100
Unemployment Rate
3.5%
College Cost Calculator for Richfield
Cost Inputs
Total Cost (4 Years, Public In-State)
$112,244
Total After Financial Aid
$112,244
Annual Cost
$28,061
Annual After Aid
$28,061
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $112,244 |
| Monthly Payment | $1,275 |
| Total Interest | $40,697 |
| Total Loan Cost | $152,941 |
Universities in Richfield
| University | Type | Annual Tuition |
|---|---|---|
| Richfield State University | Public | $14,316 |
| Richfield Community College | Community | $5,249 |
Richfield has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Richfield vs. National Average
| Category | Richfield | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $14,200 | $10,940 | +$3,260 |
| Monthly Rent Near Campus | $906 | $1,050 | -$144 |
| Cost of Living Index | 94.3 | 100 | -5.700000000000003 |
Richfield's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Richfield
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
2,601 students
Richfield has a total population of 36,396, with approximately 2,601 college students (7.1% of the population). While not primarily a college town, Richfield offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Richfield
$51,898
Starting Salary
3.5%
Unemployment Rate
53%
Graduation Rate
~7 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Richfield earn a median starting salary of $51,898, which is $16,898 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $112,244 (including room and board), it would take approximately 7 years of the salary premium to recoup the investment. With average financial aid of $14,054 per student per year, the net cost and payback period can be significantly reduced.
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