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Rice Lake, Minnesota Demographics & Population 2026

During the 2020–2024 ACS period, Rice Lake, Minnesota had a total population of 244, the 650th largest community in Minnesota, with a median household income of $41,136, which is 54% lower than the state average. The poverty rate is 47.9%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Rice Lake Quick Facts

Population 244
Median Household Income $41,136
Median Home Value $18,800
Poverty Rate 47.9%
Unemployment Rate 12.2%
Median Age 33.1 years
Homeownership Rate 60.0%
Affordability Ratio 0.5x
Bachelor's Degree or Higher 2.9%
High School Graduation Rate 81.6%
Diversity Index 39/100
Population 244 650th of 914
Median Income $41,136 bottom 10%
Poverty Rate 47.9% 285% higher than national
Median Home Value $18,800 bottom 10%

How Rice Lake Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population232244+5.2%
Median household income$41,625$41,136-1.2%
Median home value$21,500$18,800-12.6%

How Rice Lake Compares

Economy & Housing

Household Income Distribution

Under $25K 32.5%
$25K-$50K 28.7%
$50K-$100K 27.5%
$100K+ 11.3%
Detailed income brackets
Under $10K
7.5%
$10K-$15K
13.8%
$15K-$20K
8.8%
$20K-$25K
2.5%
$25K-$30K
7.5%
$30K-$35K
0.0%
$35K-$40K
3.8%
$40K-$45K
13.8%
$45K-$50K
3.8%
$50K-$60K
17.5%
$60K-$75K
1.3%
$75K-$100K
8.8%
$100K-$125K
7.5%
$125K-$150K
0.0%
$150K-$200K
0.0%
$200K+
3.8%

Employment

12.2% Unemployment Rate State: 4.1%|National: 5.2%
45.4% Labor Force Participation

Housing Overview

Owner 60.0%
Renter 40.0%
Affordability Index Very Affordable
0.5x home value to income ratio
Median gross rent $500/mo 14.6% of median household income annually

People & Demographics

Diversity Index

39out of 100
Low Diversity

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

State average: 41 | National average: 61

Education

Rice Lake Rankings in Minnesota

#650 Population of 914
#840 Median Income of 887
#888 Education of 914
#870 Home Value of 870

Other Cities in Clearwater County

CityPopulationMedian IncomePovertyHome Value
Bagley 1,248 $44,896 17.7% $138,600
Clearbrook 584 $48,750 13.1% $107,600
Gonvick 221 $33,750 16.7% $102,100
Shevlin 148 $62,361 8.8% $87,000
Ebro 75 N/A 30.4% $75,000
Roy Lake 61 $99,688 0.0% $321,400
South End 38 $31,875 7.9% N/A
Leonard 12 $53,750 0.0% $125,000

Cities Similar to Rice Lake

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Hackensack248$41,250$176,80015.7%25.7%
Pine Point241$40,000$85,70014.5%43.3%
Williams237N/AN/A4.7%9.7%
Maynard234$41,563$80,0005.2%12.4%
Hardwick235$39,327$83,30020.4%15.3%

A note before these figures: with a population of 244, Rice Lake's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Rice Lake is a small community located in Minnesota, within Clearwater County. The total population is 244. It ranks as the 650th most populous out of 914 Census-designated places in Minnesota.

Age Demographics

The median age in Rice Lake is 33.1 years. This is 15% lower than the state median of 38.8 years. With 34.8% of the population under 18, Rice Lake has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Rice Lake is $41,136. This is 54% lower than the state median of $89,062. It is also 49% lower than the national median of $80,734. The poverty rate stands at 47.9%. This is 416% higher than the state poverty rate of 9.3%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 12.2%. This is 200% higher than the state rate of 4.1%. The median home value is $18,800. Housing costs are 94% lower than the state median of $329,300. With a home-value-to-income ratio of just 0.5x, Rice Lake is one of the most affordable housing markets in the area. 60.0% of occupied housing units are owner-occupied. This homeownership rate is 17% lower than the state average of 72.2%.

Race & Ethnicity

Rice Lake is a highly diverse community where no single racial or ethnic group constitutes a majority of the population. Hispanic or Latino residents account for 0.8%. The White (non-Hispanic) population (11.1%) is well below the state average of 75.9%. The Hispanic or Latino population (0.8%) is well below the state average of 6.4%.

Education

2.9% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 93% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 81.6%.

Data Sources & Methodology

All demographic data for Rice Lake, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Rice Lake, Minnesota?

Rice Lake, Minnesota has a population of 244 according to the most recent U.S. Census ACS 5-Year Estimates.

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

The median household income in Rice Lake is $41,136, which is 49% lower than the national median of $80,734.

What is the poverty rate in Rice Lake, MN?

The poverty rate in Rice Lake is 47.9%. This means approximately 117 residents live below the federal poverty line.

What is the racial makeup of Rice Lake, Minnesota?

Rice Lake's population is 11.1% White, 0.0% Black, 0.8% Hispanic/Latino, and 0.0% Asian.

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

The median home value in Rice Lake is $18,800. The home-value-to-income ratio is 0.5x.

How educated is Rice Lake, Minnesota?

2.9% of adults (25+) in Rice Lake hold a bachelor's degree or higher, and 2.2% hold a graduate or professional degree.