Rice, MN is a small city located in Benton County in central Minnesota. It has a population of approximately 1,312 people and is known for its peaceful atmosphere and close-knit community. Rice is home to a number of local businesses including Rice Thrift Store, Myer's Service Station, and Rondel's Café. The cost of living in Rice is slightly lower than the national average as evidenced by the 2 bedroom rent which costs an average of $820 compared to the US average of $1430 and a Grocery Cost Index of 99 compared to 100 nationally. With its relaxed atmosphere and affordable lifestyle, Rice makes an ideal place for those looking to enjoy quiet country living.
Rice has an unemployment rate of 6.1%. The US average is 6.0%.
Rice has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Rice
- The Sales Tax Rate for Rice is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Rice is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rice
- The average income of a Rice resident is $27,015 a year. The US average is $28,555 a year.
- The Median household income of a Rice resident is $84,952 a year. The US average is $69,021 a year.