Housing costs in Rice?
A typical home costs
$303,700, which is 10.2% less expensive than the national average of
$338,100 and 1.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Rice costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 51.2% cheaper than the state average of
$1,240.
Can I afford Rice?
To live comfortably in Rice, Minnesota, a minimum annual income of
$58,320 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Rice?
The cost of living in Rice, MN is generally considered to be relatively affordable compared to larger cities across the country. The median home value in Rice is around $160,000 and the median household income is just above $45,000. The overall cost of living index for the area is 77.2, which is 22.8% lower than the national average. This makes it a great option for those looking for a more affordable lifestyle while still being close to larger cities like Minneapolis and St Paul. Additionally, there are plenty of shopping, dining, and entertainment options available that make living in Rice both enjoyable and convenient.