Housing costs in Rice?
A typical home costs
$283,400, which is 16.2% less expensive than the national average of
$338,100 and 8.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Rice costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 47.6% cheaper than the state average of
$1,240.
Can I afford Rice?
To live comfortably in Rice (zip 56367), Minnesota, a minimum annual income of
$54,360 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Rice?
The cost of living in Rice, Minnesota (zip code 56367) is quite affordable compared to many other cities and towns. The median home value is around $150,000, which is well below the national average. Additionally, the median household income is approximately $63,000, making it an excellent place to live for those who are looking for a more cost-friendly lifestyle. There are a variety of stores and restaurants located around town that offer reasonably priced products and services. Grocery prices tend to be lower than the national average as well. All in all, Rice offers quality living at an affordable price tag.