Minnesota · Census place 54060
Rice Lake city, MN
Quick answer
Rice Lake city has 4,120 residents, ranking #175 of 914 places in Minnesota. Median household income is $95,347, the median home is worth $283,700 and median gross rent runs $1,328 a month.
- Population
- 4,120Rice Lake city residents
- Median household income
- $95,347Past 12 months, inflation adjusted
- Median home value
- $283,700Owner-occupied units
- Median gross rent
- $1,328Rent plus utilities, monthly
- Median age
- 44.8 yrsAll residents
- Homeownership rate
- 90.5%Owner-occupied households
What the numbers mean in Rice Lake city
Housing cost measured against local earnings.
A household earning the Rice Lake city median would spend about 16.7% 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 3.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.8% of residents and 90.5% 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.
- Le Sueur city 4,204
- Cold Spring city 4,201
- Pipestone city 4,165
- Goodview city 4,104
- St. Charles city 4,021
- Scandia city 3,966
- Grant city 3,959
Keep going
More Minnesota coverage.