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.
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.
Employment
In the employment category, a low score could be attributed to low income levels and high unemployment in the area, suggesting potential difficulties in finding lucrative employment.
Rice Lake, Wisconsin is a smaller city with a population of 8,420 residents. The majority of Rice Lake residents report their race to be White; this is followed by Asian and American Indian and Alaskan. If you prefer shorter commutes, living in Rice Lake will be a delight. With an average one-way commute time of just 13 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
If you’re considering moving to any new city, it could be a very daunting task. However, it could also be a good experience if you are willing to get to know the town before actually living in Rice Lake, Wisconsin. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Using the livability score which includes data from categories like crime, commute, health & safety, employment, housing, you can easily compare the best places to live in Rice Lake and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Rice Lake to Wisconsin and the national average.
The livability score in Rice Lake is 64 out of 100 and the city is ranked in the 58th percentile of all cities across America. Based on the rankings for each individual category, Rice Lake has received high marks for cost of living (A+) and housing (A-). There is at least one category that does not have great scores in Rice Lake. The following was graded with a disappointing score: amenities (D-), crime (D) and employment (F).
Finding affordable real estate and housing in Rice Lake can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Rice Lake is actually affordable. The median home price for Rice Lake homes is $137,000, which is 18% lower than the Wisconsin 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 3.4, which is 9.7% higher than the Wisconsin average.
| Statistic | Rice Lake | Wisconsin | National |
| Average one way commute | 13min | 22min | 26min |
| Workers who drive to work | 84.5% | 80.7% | 76.4% |
| Workers who carpool | 4.9% | 8.3% | 9.3% |
| Workers who take public transit | 1.0% | 1.9% | 5.1% |
| Workers who bicycle | 0.0% | 0.8% | 0.6% |
| Workers who walk | 3.0% | 3.3% | 2.8% |
| Working from home | 5.6% | 4.2% | 4.6% |
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