Cost of Living in Rice Lake, WI

Population 9,030 · Wisconsin · Data vintage 2023

60
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Rice Lake sits on the smaller end of the Wisconsin city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Geographically, Rice Lake lies roughly 75 miles east of the nearest major metro, St. Paul. Median home values run roughly 36% lower than St. Paul's $280,000.

Cost Overview

Housing 58
Rent 63

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 $178,100 — 42% below the national median of $305,000. Median rent runs $834/month, 37% lower than the national median of $1,314/month. The median household income of $55,040/year is 26% lower than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. Wisconsin's top state income tax rate is 7.7% and the combined sales tax is 5.4%. The climate averages highs of 52.6°F and lows of 30.4°F. Overall, Rice Lake has a cost of living index of 60 versus the US average of 100, meaning it is 40% less expensive.

🏠 Housing

Median Home Value
$178,100
42% below avg
Zillow Home Value
$265,149
Zillow ZHVI
Median Rent
$834/mo
37% below avg
Price-to-Rent Ratio
17.8x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$712
1 BR
$781
2 BR
$997
3 BR
$1,290
4 BR
$1,448
Owner-occupied 55.4%
Renter-occupied 44.6%

💰 Estimated Monthly Budget

Rent median rent
$834
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,448/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
15.2 min
44% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.6%

Commute Mode

Drove alone
84.6%
Carpooled
8.6%
Walked
1.2%
Work from home
5.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.7%
Total Sales Tax 5.4%
State rate 5.0%
Avg local rate 0.4%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$55,040
26% below avg
Per Capita Income
$35,501
Unemployment Rate
3.9%
20% below avg
Poverty Rate
10.2%
Labor Force Participation
63.5%

🎓 Education

Bachelor's degree+ 15.2%
Graduate degree 10.7%

👥 Demographics

Median Age 36.3
Male median age 31.6
Female median age 40.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
52.6°F
Avg Low
30.4°F
Annual Precip
31.3"
20° 40° 60° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 222740536776807869553927
Low °F 2517294151555345342310
Precip" 0.550.681.552.723.844.034.464.053.673.071.671.04

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
12.8:1
Student-teacher ratio
7
Public schools
2,259
Total enrollment

Frequently Asked Questions

What is the cost of living in Rice Lake, WI?

Rice Lake has a cost index of 60 (100 = national average). It is 40% below the national average.

What is average rent in Rice Lake, WI?

The median gross rent in Rice Lake is $834 per month based on 2023 Census data.

What is the average home price in Rice Lake?

The median home value in Rice Lake is $178,100 according to Zillow and Census data.

What is the median income in Rice Lake?

The median household income in Rice Lake is $55,040 per year (2023 ACS 5-year estimates).

What is the sales tax in Rice Lake, WI?

The combined state and local sales tax rate in Rice Lake is 5.4%. The Wisconsin state income tax top rate is 7.7%.

Is Rice Lake, WI affordable?

Yes, Rice Lake is generally considered affordable, with a cost of living index of 60 — about 40% below the US national average of 100.

What is the weather like in Rice Lake?

Rice Lake has average high temperatures of 52.6°F and average lows of 30.4°F. Annual precipitation is 31.3". Data from NOAA 1991–2020 Climate Normals.

Rice Lake at a Glance

Population
9,030
Median Income
$55,040
Home Value
$178,100
Median Rent
$834/mo
Unemployment
3.9%
Avg High Temp
52.6°F
Sales Tax
5.4%
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🗺️ County data for Wisconsin

Explore county-level cost of living data

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