Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Crime
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Employment
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Rice Lake is a smaller city located in the state of Minnesota. The city has a population of 4,136 people. If we look at the most recent Census, Rice Lake is known to have a predominantly White population. The next two most common races are American Indian and Alaskan and Black. On a daily basis, the typical American spends approximately 26 minutes on their one-way work commute. Reduced travel times not only contributes to increased overall happiness, but also affords more opportunities to cherish moments with family and friends. If you're living in Rice Lake, your commute time will align closely with the national average, spanning a one-way duration of approximately 23 minutes.
Are you trying to figure out if living in Rice Lake is the right fit for your lifestyle? To ensure a good experience before moving to any new city in Minnesota, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. To help you find the best places to live in and around Rice Lake, AreaVibes has created a livability score using key metrics like crime, cost of living, health & safety, education, employment and more.
Rice Lake has a livability score of 66/100 and is ranked #393 in Minnesota and #9,759 in the USA. If we examine each of the categories individually, we see that Rice Lake ranks well for crime (A-), cost of living (A-), employment (A+) and housing (A+). There is at least one category that you should be aware of in Rice Lake. The following was graded with a discouraging score: amenities (F) and education (D).
When contemplating a move, job prospects often top the list of priorities. In Rice Lake, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.7% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Rice Lake market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Rice Lake is real estate affordability. The median home price for Rice Lake homes is $215,800, which is 12.7% higher than the Minnesota average. If we take a closer look at the affordability of homes in Rice Lake, we’ll see that the home price to income ratio is 2.7, which is 10% lower than the Minnesota average.
| Statistic | Rice Lake | Minnesota | National |
| Average one way commute | 23min | 23min | 26min |
| Workers who drive to work | 84.1% | 78.0% | 76.4% |
| Workers who carpool | 9.6% | 8.7% | 9.3% |
| Workers who take public transit | 0.0% | 3.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.8% | 0.6% |
| Workers who walk | 0.6% | 2.8% | 2.8% |
| Working from home | 3.0% | 5.3% | 4.6% |
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