Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Schools
The schools category earns a high score due to factors like exceptional test scores, strong education levels and the close proximity of elementary and high schools in this area.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Health & Safety
The low score in this category could be due to challenges related to air quality and the limited accessibility of health-related facilities like hospitals, nursing homes, doctors and pharmacies.
Located in the state of Wisconsin, New Richmond is a smaller city with a population of 9,212 inhabitants. If we look at the most recent Census, New Richmond is known to have a predominantly White population. The next two most common races are Black and Asian. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in New Richmond, your commute time will align closely with the national average, spanning a one-way duration of approximately 25 minutes.
Whether you’re relocating to a new area to be closer to family, friends or for a new job, living in New Richmond could be a positive experience compared to other cities in Wisconsin if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. To help you find the best places to live in and around New Richmond, AreaVibes has created a livability score using key metrics like amenities, commute, education, employment, housing and more.
With a livability score of 73/100, New Richmond is ranked #4,254 in the United States and #146 in Wisconsin. Based on the grades for each individual category, New Richmond has been rewarded with high marks for crime (A+), cost of living (B+), education (A), employment (A-) and housing (A+). The bad news for New Richmond, there are some categories for which it does not rank well, this includes: amenities (D-).
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and can help foster positive community dynamics and social cohesion. New Richmond has a violent crime rate of 123 crimes per 100,000 residents which is far lower than the national average.
Unemployment rates can range pretty dramatically from one city to another. Knowing that New Richmond has an unemployment rate of 0.47% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The New Richmond market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to New Richmond is real estate affordability. Median real estate prices in New Richmond come in at $199,800, which is 19.6% higher than the Wisconsin average. The home price to income ratio compares the median home prices to the median household income. In New Richmond, the home price to income ratio is 2.9, which is 6.5% lower than the Wisconsin average.
| Statistic | New Richmond | Wisconsin | National |
| Average one way commute | 25min | 22min | 26min |
| Workers who drive to work | 76.9% | 80.7% | 76.4% |
| Workers who carpool | 13.3% | 8.3% | 9.3% |
| Workers who take public transit | 0.0% | 1.9% | 5.1% |
| Workers who bicycle | 0.0% | 0.8% | 0.6% |
| Workers who walk | 0.3% | 3.3% | 2.8% |
| Working from home | 7.2% | 4.2% | 4.6% |
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