Rice is a very small city located in the state of Minnesota. With a population of 2,123 people and two associated neighborhoods, Rice is the 318th largest community in Minnesota. There's nothing like the smell of a brand new house, and in Rice, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Rice, and putting down their money on brand new construction. Rice’s real estate is, on average, some of the newest in the nation. Rice does seem to be experiencing an influx of affluent people, because the median household income is $100,208.00.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.62% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Because of many things, Rice is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Rice really has some of the features that families look for when choosing a good community to raise children. Is Rice perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.

Rice is a small city, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

The percentage of people in Rice who are college-educated is somewhat higher than the average US community of 21.84%: 28.16% of adults in Rice have at least a bachelor's degree.

The per capita income in Rice in 2022 was $34,453, which is middle income relative to Minnesota and the nation. This equates to an annual income of $137,812 for a family of four.

The people who call Rice home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Rice residents report their race to be White, followed by Black or African-American. Important ancestries of people in Rice include German, Polish, Irish, Norwegian, and Swedish.

The most common language spoken in Rice is English. Other important languages spoken here include Polish and Italian.