What is the population of Rice Lake city?

Rice Lake city has 4,120 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #175 of 914 in Minnesota.

What is the median household income in Rice Lake city?

Median household income in Rice Lake city is $95,347 a year, 21.4% above the national figure of $78,538.

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

Median gross rent is $1,328 a month and the median home value is $283,700, so rent absorbs about 16.7% of median household income.

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

Homes cost about 3× the local median income here versus roughly 3.9× nationally, so Rice Lake city is more affordable to buy in than the typical US market, and rent takes 16.7% of median income against the 30% cost-burden line.

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Minnesota · Census place 54060

Rice Lake city, MN population, income and ZIP codes

Quick answer

The population of the city of Rice Lake city, Minnesota (Rice Lake city, MN — Census place “Rice Lake city”) is 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. Looking for the Rice Lake city Minnesota ZIP code list? 1 ZIP codes serve Rice Lake city, MN: 55803.

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

Rice Lake city ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Rice Lake city.

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

55803

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

Rice Lake city, MN in context

How this area compares with national benchmarks.

Rice Lake city is a small town in Minnesota, with 4,120 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #175 of 914 ranked by population — larger than 80% of them. The median age here is 44.8 years against 39.1 nationally, a slightly older profile than the country as a whole. 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 Lake city earn a median of $95,347 a year, 21.4% above the national figure of $78,538 and 26% above the $75,469 median for the 361 Minnesota cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 6.8% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Rice Lake city is valued at $283,700, 6.5% below the national figure and 18% above the $240,400 peer median, while median gross rent runs $1,328 a month, 5.5% below the national figure, or roughly $15,936 across a full year. A household on the local median income would put about 16.7% 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 3×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 90.5% 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

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Frequently asked questions

Common questions about this area.

What is the population of Rice Lake city?: Rice Lake city has 4,120 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #175 of 914 in Minnesota.
What is the median household income in Rice Lake city?: Median household income in Rice Lake city is $95,347 a year, 21.4% above the national figure of $78,538.
How much does it cost to rent or buy in Rice Lake city?: Median gross rent is $1,328 a month and the median home value is $283,700, so rent absorbs about 16.7% of median household income.
Is Rice Lake city affordable compared with the rest of the US?: Homes cost about 3× the local median income here versus roughly 3.9× nationally, so Rice Lake city is more affordable to buy in than the typical US market, and rent takes 16.7% of median income against the 30% cost-burden line.
How current is this Rice Lake 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.