Cost of Living in Rice Lake, MN
Population 4,120 · Minnesota · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Rice Lake a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $284,000. An unemployment rate of 0.7% points to a labor market well on the tight side of the national distribution.
Geographically, Rice Lake lies roughly 145 miles northeast of the nearest major metro, St. Paul. Housing prices track closely with St. Paul's $280,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Rice Lake
The median home value in Rice Lake is $283,700 — 7% below the national median of $305,000. Median rent runs $1,328/month, 1% higher than the national median of $1,314/month. The median household income of $95,347/year is 28% higher than the US median of $74,580. The local unemployment rate is 0.7%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. The climate averages highs of 50.0°F and lows of 31.1°F, with about 90.2" of annual snowfall. Overall, Rice Lake has a cost of living index of 96 versus the US average of 100, meaning it is 4% less expensive.
Rice Lake has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 20 | 25 | 36 | 49 | 63 | 72 | 78 | 76 | 67 | 53 | 37 | 25 |
| Low °F | 2 | 6 | 18 | 30 | 41 | 50 | 56 | 55 | 47 | 36 | 23 | 10 |
| Precip" | 0.95 | 1.01 | 1.46 | 2.53 | 3.37 | 4.39 | 3.92 | 3.73 | 3.48 | 2.91 | 1.96 | 1.47 |
| Snow" | 16.8 | 15.1 | 12.8 | 9.1 | 0.8 | 0.0 | 0.0 | 0.0 | 0.1 | 2.7 | 14.1 | 18.7 |
Frequently Asked Questions
What is the cost of living in Rice Lake, MN?
Rice Lake has a cost index of 96 (100 = national average). It is 4% below the national average.
What is average rent in Rice Lake, MN?
The median gross rent in Rice Lake is $1,328 per month based on 2023 Census data.
What is the average home price in Rice Lake?
The median home value in Rice Lake is $283,700 according to 2023 Census ACS data.
What is the median income in Rice Lake?
The median household income in Rice Lake is $95,347 per year (2023 ACS 5-year estimates).
What is the sales tax in Rice Lake, MN?
The combined state and local sales tax rate in Rice Lake is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Rice Lake, MN affordable?
Rice Lake is near the national average in terms of cost of living, with an index of 96 (100 = US average).
What is the weather like in Rice Lake?
Rice Lake has average high temperatures of 50.0°F and average lows of 31.1°F. Annual precipitation is 31.2". Average annual snowfall is 90.2". Data from NOAA 1991–2020 Climate Normals.
Rice Lake at a Glance
- Population
- 4,120
- Median Income
- $95,347
- Home Value
- $283,700
- Median Rent
- $1,328/mo
- Unemployment
- 0.7%
- Avg High Temp
- 50.0°F
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
Cities in other states with comparable housing costs