What is the population of Rice city?

Rice city has 1,998 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #260 of 914 in Minnesota.

What is the median household income in Rice city?

Median household income in Rice city is $103,482 a year, 31.8% above the national figure of $78,538.

How much does it cost to rent or buy in Rice city?

Median gross rent is $1,529 a month and the median home value is $237,600, so rent absorbs about 17.7% of median household income.

Is Rice city affordable compared with the rest of the US?

Homes cost about 2.3× the local median income here versus roughly 3.9× nationally, so Rice city is more affordable to buy in than the typical US market, and rent takes 17.7% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Minnesota · Census place 53998

Rice, MN population, income and ZIP codes

Quick answer

The population of the city of Rice, Minnesota (Rice, MN — Census place “Rice city”) is 1,998 residents, ranking #260 of 914 places in Minnesota. Median household income is $103,482, the median home is worth $237,600 and median gross rent runs $1,529 a month. Looking for the Rice Minnesota ZIP code list? 1 ZIP codes serve Rice, MN: 56367.

Population: 1,998Rice city residents
Median household income: $103,482Past 12 months, inflation adjusted
Median home value: $237,600Owner-occupied units
Median gross rent: $1,529Rent plus utilities, monthly
Median age: 31.3 yrsAll residents
Homeownership rate: 87.9%Owner-occupied households

Rice ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Rice.

The Rice MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

56367

What the numbers mean in Rice city

Housing cost measured against local earnings.

A household earning the Rice city median would spend about 17.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.7% of residents and 87.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Rice city, MN in context

How this area compares with national benchmarks.

Rice city is a small town in Minnesota, with 1,998 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #260 of 914 ranked by population — larger than 71% of them. The median age here is 31.3 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Rice city earn a median of $103,482 a year, 31.8% above the national figure of $78,538 and 37% above the $75,469 median for the 361 Minnesota cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 2.7% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Rice city is valued at $237,600, 21.7% below the national figure and within a couple of points of the $240,400 peer median, while median gross rent runs $1,529 a month, 8.7% above the national figure, or roughly $18,348 across a full year. A household on the local median income would put about 17.7% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.3×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 87.9% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Minnesota.

More Minnesota coverage.

Frequently asked questions

Common questions about this area.

What is the population of Rice city?: Rice city has 1,998 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #260 of 914 in Minnesota.
What is the median household income in Rice city?: Median household income in Rice city is $103,482 a year, 31.8% above the national figure of $78,538.
How much does it cost to rent or buy in Rice city?: Median gross rent is $1,529 a month and the median home value is $237,600, so rent absorbs about 17.7% of median household income.
Is Rice city affordable compared with the rest of the US?: Homes cost about 2.3× the local median income here versus roughly 3.9× nationally, so Rice city is more affordable to buy in than the typical US market, and rent takes 17.7% of median income against the 30% cost-burden line.
How current is this Rice city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.