Can A Carpenter Afford Rent in Richfield, MN?
Comfortably affordable — rent takes 26.7% of gross income.
Richfield rent: July 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).
About rent and a carpenter salary
Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.
Cheaper rent nearby
These Minnesota cities have lower median rent than Richfield, which improves the affordability math on a carpenter salary:
Compare with full rent data for Richfield
View full rent data for Richfield, MN →Frequently asked questions
Can a carpenter afford rent in Richfield, MN?
Median rent in Richfield is $1,412 a month. A typical carpenter in Minnesota earns about $63,378 a year, which makes that rent 26.7% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a carpenter afford in Richfield?
Using the 30% rule, a carpenter salary in Minnesota (~$63,378/yr) supports up to $1,584 a month in rent. Richfield's current median rent is $1,412/mo, which leaves a $172/mo buffer.
How many hours does a carpenter work to cover rent in Richfield?
At an hourly equivalent of about $30 an hour, a carpenter in Minnesota works roughly 46.3 hours a month to cover Richfield's median rent of $1,412.
Where is rent cheaper than Richfield for a carpenter?
Nearby Minnesota cities with lower median rent include Roseville ($1,411/mo), Bemidji ($1,411/mo), Bloomington ($1,410/mo). Each shifts the affordability math materially on a carpenter salary.