Rice is a very small city located in the state of Minnesota. With a population of 2,177 people and two associated neighborhoods, Rice is the 318th largest community in Minnesota. Much of the housing stock in Rice was built relatively recently. The construction of new real estate can often be taken as an indication that the local Rice economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Rice, where the median household income is $100,208.00.

A relatively large number of people in Rice telecommute to their jobs. Overall, about 8.62% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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 great place for families with children to consider. First of all, many other families with children live here, making Rice a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Rice has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Rice’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.

Being a small city, Rice does not have a public transit system used by locals to get to and from work.

The overall education level of Rice is somewhat higher than in the average US city of 21.84%: 28.16% of adults 25 and older in the city 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.