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Rice Lake city, Minnesota Demographics & Population 2026

As of 2026, Rice Lake city, Minnesota has a total population of 4,120, the 175th largest city in Minnesota, with a median household income of $95,347, which is 9% higher than the state average. The poverty rate is 6.8%.

Key Takeaways

Rice Lake city Quick Facts

Population 4,120
Median Household Income $95,347
Median Home Value $283,700
Poverty Rate 6.8%
Unemployment Rate 0.7%
Median Age 44.8 years
Homeownership Rate 90.5%
Affordability Ratio 3.0x
Bachelor's Degree or Higher 31.7%
High School Graduation Rate 95.5%
Diversity Index 5/100
Population 4,120 175th of 913
Median Income $95,347 top 20%
Poverty Rate 6.8% 45% lower national
Median Home Value $283,700 top 20%

How Rice Lake city Compares

Economy & Housing

Employment

0.7% Unemployment Rate State: 3.9% | National: 5.2%
58.0% Labor Force Participation

Housing Overview

Owner 90.5%
Renter 9.5%
Affordability Index Affordable
3.0x home value to income ratio

People & Demographics

Diversity Index

5out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Rice Lake city Rankings in Minnesota

#175 Population of 913
#158 Median Income of 913
#199 Education of 913
#170 Home Value of 913

Other Cities in St. Louis County

CityPopulationMedian IncomePovertyHome Value
Duluth city 86,863 $66,263 17.2% $225,700
Hibbing city 16,100 $55,463 14.2% $123,900
Hermantown city 10,192 $92,026 5.1% $374,000
Virginia city 8,362 $48,321 23.2% $117,500
Chisholm city 4,731 $54,815 11.2% $108,100
Eveleth city 3,470 $47,721 19.0% $91,800
Ely city 3,239 $46,042 15.9% $150,800
Proctor city 3,102 $80,913 5.3% $219,500
Mountain Iron city 2,865 $81,607 9.3% $180,700
Hoyt Lakes city 2,074 $64,514 10.1% $90,700

Cities Similar to Rice Lake city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
St. Charles city4,021$96,544$231,30035.3%3.3%
Scandia city3,966$100,179$471,90041.3%2.6%
Zumbrota city3,843$96,818$235,80034.0%8.8%
Montrose city3,840$98,832$260,10027.5%7.3%
Cannon Falls city4,216$80,515$262,10021.9%5.9%

Population Overview

Rice Lake city is a small community located in Minnesota, within St. Louis County. The total population is 4,120. It ranks as the 175th most populous out of 913 cities and towns in Minnesota.

Age Demographics

The median age in Rice Lake city is 44.8 years. This is 16% higher than the state median of 38.6 years.

Economy, Income & Housing

The median household income in Rice Lake city is $95,347. This is 9% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 21% higher. The poverty rate stands at 6.8%. This is 26% lower than the state poverty rate of 9.2%. The unemployment rate is 0.7%. This is 83% lower than the state rate of 3.9%. The median home value is $283,700. Housing costs are 7% lower than the state median of $305,500. The home-value-to-income ratio is 3.0x. 90.5% of occupied housing units are owner-occupied. This homeownership rate is 25% higher than the state average of 72.4%.

Race & Ethnicity

Rice Lake city has a predominantly White (non-Hispanic) population, comprising 97.7% of all residents. Asian residents account for 0.5%. The Hispanic or Latino population (0.3%) is well below the state average of 6.2%. The Asian population (0.5%) is well below the state average of 5.0%.

Education

31.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 18% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.5%.

Data Sources & Methodology

All demographic data for Rice Lake city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Rice Lake city, Minnesota?

Rice Lake city, Minnesota has a population of 4,120 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Rice Lake city, MN?

The median household income in Rice Lake city is $95,347, which is 21% higher the national median of $78,538.

What is the poverty rate in Rice Lake city, MN?

The poverty rate in Rice Lake city is 6.8%. This means approximately 279 residents live below the federal poverty line.

What is the racial makeup of Rice Lake city, Minnesota?

Rice Lake city's population is 97.7% White, 0.0% Black, 0.3% Hispanic/Latino, and 0.5% Asian.

What is the median home value in Rice Lake city, MN?

The median home value in Rice Lake city is $283,700. The home-value-to-income ratio is 3.0x.

How educated is Rice Lake city, Minnesota?

31.7% of adults (25+) in Rice Lake city hold a bachelor's degree or higher, and 9.1% hold a graduate or professional degree.