Cost of Living in Rice, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
138.4
100 = national avg
+38.4 vs national average
Living Wage (1 Adult)
$60,881
per year
Living Wage (Family of 4)
$143,901
per year
Cost Index by Category
Housing148.5
Food129.1
Transportation121.7
Healthcare123.3
Utilities127.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$919
per month
2 Bedroom
$1,206
per month
The overall cost of living index in Rice is 138.4, which is 38.4% above the national average. Housing costs are above the national average at an index of 148.5. A single adult needs to earn approximately $60,881 per year to cover basic expenses.