Minnesota · Census place 54056
Rice Lake CDP, MN
Quick answer
Rice Lake CDP has 232 residents, ranking #657 of 914 places in Minnesota. Median household income is $41,625, the median home is worth $21,500 and median gross rent runs $575 a month.
- Population
- 232Rice Lake CDP residents
- Median household income
- $41,625Past 12 months, inflation adjusted
- Median home value
- $21,500Owner-occupied units
- Median gross rent
- $575Rent plus utilities, monthly
- Median age
- 33.8 yrsAll residents
- Homeownership rate
- 58%Owner-occupied households
What the numbers mean in Rice Lake CDP
Housing cost measured against local earnings.
A household earning the Rice Lake CDP median would spend about 16.6% 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 0.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 40.5% of residents and 58% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Minnesota.
- Lutsen CDP 234
- Ogema city 233
- Dent city 232
- Granada city 231
- Twin Lakes CDP 231
- Finlayson city 228
- Garden City CDP 228
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More Minnesota coverage.