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ZipNumbers

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

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