Rice Lake, MN
Population 4,120 · Minnesota
About Rice Lake, MN
Rice Lake is a small community in Minnesota with a population of 4,120 residents. The median household income is $95,347 per year, which is above the national average. The median age in Rice Lake is 44.8 years.
Housing in Rice Lake has a median home value of $283,700 and median monthly rent of $1,328. Of the 1,825 total housing units, the majority are owner-occupied, with 1,557 owner-occupied and 164 renter-occupied units.
The unemployment rate in Rice Lake is 0.7% and the poverty rate is 6.8%. 31.7% of residents hold a bachelor's degree or higher. The average commute time is 22.2 minutes.
How Rice Lake Ranks in Minnesota
Cost of Living in Rice Lake, MN
Compared to national averages, Rice Lake has a median household income of $95,347 (27% above the national median of $75,149). Home values average $283,700, which is 16% above the national median. Monthly rent at $1,328 is 14% above the US average of $1,163. Within Minnesota, Rice Lake's income is 28% above the state average of $74,221, and home values are 39% above the state median of $204,472.
Why Live in Rice Lake, MN?
Rice Lake offers a strong local economy with a median household income of $95,347, well above the national average, and a strong job market with an unemployment rate of just 0.7%, and a low poverty rate of 6.8%, better than the national average. Additionally, the city features short commute times averaging just 22.2 minutes.
Rice Lake has a population of 4,120 with a median age of 44.8 years. Compare Rice Lake with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Rice Lake
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Goodview | 4,104 | $75,375 | $215,200 | Compare |
| Pipestone | 4,165 | $61,442 | $102,000 | Compare |
| Cold Spring | 4,201 | $72,022 | $242,000 | Compare |
| Le Sueur | 4,204 | $71,563 | $216,700 | Compare |
| Columbus | 4,211 | $117,917 | $439,200 | Compare |
| Cannon Falls | 4,216 | $80,515 | $262,100 | Compare |
| St. Charles | 4,021 | $96,544 | $231,300 | Compare |
| Park Rapids | 4,226 | $45,800 | $218,500 | 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 Lake
What is the population of Rice Lake, MN?
The population of Rice Lake, MN is 4,120 according to the latest Census data.
What is the median household income in Rice Lake?
The median household income in Rice Lake, MN is $95,347 per year.
What is the median home value in Rice Lake?
The median home value in Rice Lake, MN is $283,700.
What is the average rent in Rice Lake?
The median monthly rent in Rice Lake, MN is $1,328.
What is the unemployment rate in Rice Lake?
The unemployment rate in Rice Lake, MN is 0.7%.