Cost of Living in Rice, MN
Housing
The housing market plays a significant role in determining the cost of living in Rice, MN.
- Housing Index: Data is updating
- Median Home Price is: $274,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In evaluating the housing market in Rice, MN, it appears that the housing index stands at 0.0, indicating potential affordability if the market dynamics align favorably. Despite unavailable data for rental prices, the median home price of 274000 suggests that owning a home might be within reach for many residents. Considering economic factors, such as job growth and local amenities, is crucial before making a decision. Overall, Rice seems to offer promising opportunities for prospective homebuyers, although further investigation into the rental market could provide deeper insights for varied living arrangements.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Rice, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Rice, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Rice is a financially viable option for your relocation.