Rice, MN
Population 1,998 · Minnesota
About Rice, MN
Rice is a small community in Minnesota with a population of 1,998 residents. The median household income is $103,482 per year, which is above the national average. The median age in Rice is 31.3 years.
Housing in Rice has a median home value of $237,600 and median monthly rent of $1,529. Of the 697 total housing units, the majority are owner-occupied, with 613 owner-occupied and 84 renter-occupied units.
The unemployment rate in Rice is 1.8% and the poverty rate is 2.7%. 31.8% of residents hold a bachelor's degree or higher. The average commute time is 23.8 minutes.
Cost of Living in Rice, MN
Compared to national averages, Rice has a median household income of $103,482 (38% above the national median of $75,149). Home values average $237,600, which is 3% below the national median. Monthly rent at $1,529 is 31% above the US average of $1,163. Within Minnesota, Rice's income is 39% above the state average of $74,221, and home values are 16% above the state median of $204,472.
Why Live in Rice, MN?
Rice offers a strong local economy with a median household income of $103,482, well above the national average, and affordable housing with a median home value of $237,600, below the US average of $244,900, and a strong job market with an unemployment rate of just 1.8%. Additionally, the city features a low poverty rate of 2.7%, better than the national average, and short commute times averaging just 23.8 minutes.
Rice has a population of 1,998 with a median age of 31.3 years. Compare Rice with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Rice
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Stacy | 1,992 | $76,875 | $222,800 | Compare |
| St. Bonifacius | 1,982 | $116,500 | $342,400 | Compare |
| Blooming Prairie | 1,977 | $63,929 | $155,800 | Compare |
| Winsted | 2,023 | $70,208 | $210,200 | Compare |
| Ortonville | 1,968 | $53,021 | $117,500 | Compare |
| Waverly | 1,947 | $113,269 | $284,600 | Compare |
| Esko | 2,063 | $116,406 | $278,800 | Compare |
| Warroad | 2,067 | $50,685 | $195,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Rice
What is the population of Rice, MN?
The population of Rice, MN is 1,998 according to the latest Census data.
What is the median household income in Rice?
The median household income in Rice, MN is $103,482 per year.
What is the median home value in Rice?
The median home value in Rice, MN is $237,600.
What is the average rent in Rice?
The median monthly rent in Rice, MN is $1,529.
What is the unemployment rate in Rice?
The unemployment rate in Rice, MN is 1.8%.