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. 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.

Telecommuters are a relatively large percentage of the workforce: 8.62% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.

Rice is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Rice’s overall crime rate is lower than average for the country.

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 2018 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.