Town of Richfield — Financial Data

2,065 Population FY 2024

$360 Town-Wide Per Capita Spending All residents incl. villages FY 2024

$614 Part-Town Per Capita Spending Outside villages only FY 2024

3.7% Debt Service FY 2024

3.3 Fiscal Stress FY 2024

30.0 Env. Stress FY 2024

Data comparability note: Contains villages: Village of Richfield Springs (pop. 1,050). Town-wide per capita spending covers all residents including village residents (A-fund services: community services, culture and recreation, debt service, employee benefits, general government, health, public safety, sanitation, transportation). Part-town per capita spending covers only residents outside incorporated villages (B-fund services: culture and recreation, debt service, employee benefits, general government, health, public safety, transportation).

Villages in Richfield

Total village population: 1,050 (51% of town)

Village of Richfield Springs pop. 1,050

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

21.3% Poverty Rate 2023

22.9% Bachelor's+ Rate 2023

2.2% Unemployment Rate 2023

71.4% Homeownership Rate 2023

Median Household Income

$54,750 (2023)

2010 2023

Per Capita Income

$38,825 (2023)

2010 2023

Median Home Value

$145,700 (2023)

2010 2023

Median Gross Rent

$787 (2023)

2010 2023

Median Age

38.6 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.5 (2023)

2010 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 1995–2024

Fiscal Health

Debt Outstanding

$50,440 (2024)

2011 2024

Full Value of Taxable Property

$218,038,386 (2024)

2011 2024

Debt Service

$105,379 (2024)

1995 2024

Debt Service %

3.7% (2024)

1995 2024

Town-Wide Per Capita Spending

$360 (2024)

2010 2024

Part-Town Per Capita Spending

$614 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

3.3 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

30.0 (2024)

2012 2024

Top Revenue Sources

Real Property Taxes And Assessments

$1,620,772 (2024)

1995 2024

State Aid

$514,372 (2024)

1995 2024

Sales And Use Tax

$346,698 (2024)

1995 2024

Federal Aid

$172,316 (2024)

1997 2024

Other Local Revenues

$81,259 (2024)

1995 2024

Top Expenditures

Transportation

$1,427,921 (2024)

1995 2024

General Government

$476,482 (2024)

1995 2024

Employee Benefits

$415,739 (2024)

1995 2024

Culture And Recreation

$294,021 (2024)

1995 2024

Public Safety

$87,318 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Richfield OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Richfield OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Richfield FSMS Report 2024	FSMS_MONITORING
2023	Town of Richfield Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Richfield OSC Annual Financial Report 2023	OSC_TOWN_CSV_AFR

View all 84 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 360370800000

School Details

Not applicable for this entity type.