Rice Lake, MN Profile: Facts & Data


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Rice Lake, Minnesota - Basic Facts

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The Rice Lake CDP(1) had a population of 250 as of July 1, 2021. Rice Lake ranks in the lower quartile for Population Density and the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Minnesota. See peer rankings below.

The primary coordinate point for Rice Lake is located at latitude 47.3902 and longitude -95.5092 in Clearwater County. The formal boundaries for the Rice Lake Census Designated Place encompass a land area of 10.45 sq. miles and a water area of 0.24 sq. miles. Clearwater County is in the Central time zone (GMT -6). The elevation is 1,480 feet.

The Rice Lake Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Rice Lake Census Designated Place is located within Township of La Prairie, a minor civil division (MCD) of Clearwater County.

  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Rice Lake 2021 Demographic Data
  2. Growth Rates for Rice Lake (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Minnesota Research Tools (Easy Tools & Current Data)
  3. Minnesota Data Comparison Tool - 2021 Demographics

Rice Lake, MN Data & Demographics (As of July 1, 2021)


Total Population 250 (100%)
Population in Households 250 (100.0%)
Population in Families 213 (85.2%)
Population in Group Quarters1 0
Population Density 24
Diversity Index2 62


Median Household Income $42,101
Average Household Income $60,221
% of Income for Mortgage4 13%
Per Capita Income $21,045
Wealth Index5 54


Total HU (Housing Units) 85 (100%)
Owner Occupied HU 67 (78.8%)
Renter Occupied HU 11 (12.9%)
Vacant Housing Units 7 ( 8.2%)
Median Home Value $131,818
Average Home Value $162,500
Housing Affordability Index3 204


Total Households 78
Average Household Size 3.21
Family Households 59
Average Family Size 4
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2010-2021 2021-2026
Population 0.55% 0.79%
Households 0.71% 0.76%
Families 0.79% 0.67%
Median Household Income   1.5%
Per Capita Income   1.68%
Owner Occupied HU   0.88%

Rice Lake, MN - Peer Comparisons by Rank and Percentile

The table below compares Rice Lake to the other 903 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 649 28th
Population Density # 889 2nd
Median Household Income # 864 4th
Housing Affordability Index # 618 68th
Per Capita Income # 880 3rd
Diversity Index # 25 97th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.

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