CENSUS TRACT
Census Tract 705.04
Minnesota · Rice County · 3,646 residents · 1.573 sq mi
Notable rankings
#391lowest low rent burden in MN29.6%#424lowest low rent in MN$980#434lowest low income in MN$71,313#465highest broadband in MN94.6%TRACT SHAPE · Rice County, MN
The short version
Census Tract 705.04 has lower-than-average household income, with a median household income of $71,313. Population has declined 7% since 2020. Median home value is $296,000.
At a glance
Lower income
below the US median
US median: $82,259
Older
median age 41.4
US median: 38.9
Average education
35% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
3,646
−7%since 2020
from 3,941 in 2020
2020 – 2024
Population density
2,318 / sq mi
−7%since 2020
from 2,505 / sq mi in 2020
US average: 281
Median age
41.4
+6%since 2020
from 39.2 in 2020
US average: 38.9
Population, 2020 – 2024
20244K
Section 02
Income & economy
Median household income
$71,313
−7%inflation adjusted, since 2020
from $63,500 in 2020
US average: $82,259
2020 – 2024
Per capita income
$40,128
+21%since 2020
from $33,030 in 2020
US average: $44,673
Households earning $100K+
46.2%
+6.2 ptssince 2020
from 40.0% in 2020
US average: 53.3%
Poverty rate
10.3%
+1.8 ptssince 2020
from 8.5% in 2020
US average: 12.5%
Income inequality (Gini)
0.421
−1%since 2020
from 0.425 in 2020
US average: 0.476
Workforce by industry, 2024
Wholesale trade18.7%
Retail trade16.1%
Finance & insurance5.8%
Professional, scientific, technical5.8%
Information5.1%
Other services4.4%
Public administration1.7%
Transportation & warehousing0.7%
Agriculture, forestry, fishing0.3%
Construction0.3%
Manufacturing0%
Education & health services0%
Arts, entertainment, food0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$296,000
+6%inflation adjusted, since 2020
from $230,300 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$980
−1%inflation adjusted, since 2020
from $815 in 2020
US average: $1,442
Owner-occupied
56.3%
+0.3 ptssince 2020
from 56.0% in 2020
43.7% rent
Vacancy rate
8.1%
+4.2 ptssince 2020
from 3.9% in 2020
US average: 10.0%
Owner cost-burdened
29.6%
+4.4 ptssince 2020
from 25.2% in 2020
US average: 22.9%
Renter cost-burdened
29.6%
−7.5 ptssince 2020
from 37.1% in 2020
US average: 47.4%
Afford Score
4.2
+14%since 2020
from 3.6 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 705.04 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic81.8%(3,224)
Black1.4%(56)
Hispanic / Latino11.5%(452)
Asian4.1%(160)
Other1.2%(49)
Diversity Score39.5%(1,555)
2024
White, non-Hispanic77.4%(2,823)
Black0.7%(24)
Hispanic / Latino15.3%(557)
Asian3.2%(118)
Other3.4%(124)
Diversity Score46.9%(1,709)
Diversity Score
47
+19%since 2020
from 39 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
34.6%
+2.0 ptssince 2020
from 32.6% in 2020
US average: 35.6%
High school or higher
94.8%
+1.0 ptssince 2020
from 93.8% in 2020
US average: 89.6%
Graduate degree
15.1%
+1.7 ptssince 2020
from 13.3% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
23.5 min
−13%since 2020
from 27.1 min in 2020
US average: 26.5
Drive alone to work
79.0%
−3.1 ptssince 2020
from 82.1% in 2020
US average: 68.9%
Carpooled to work
3.6%
−2.5 ptssince 2020
from 6.1% in 2020
US average: 8.5%
Public transit
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 3.2%
Worked from home
13.4%
+4.3 ptssince 2020
from 9.0% in 2020
US average: 15.0%
Walked to work
0.6%
−1.9 ptssince 2020
from 2.5% in 2020
US average: 2.4%
Biked to work
1.2%
+1.1 ptssince 2020
from 0.1% in 2020
US average: 0.4%
No vehicle available
4.3%
+1.1 ptssince 2020
from 3.2% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
5.7%
+3.6 ptssince 2020
from 2.0% in 2020
US average: 5.2%
Labor force participation
63.4%
−2.8 ptssince 2020
from 66.2% in 2020
US average: 63.5%
Self-employed
15.4%
+4.0 ptssince 2020
from 11.4% in 2020
US average: 13.1%
Management & professional
35.7%
−4.4 ptssince 2020
from 40.0% in 2020
US average: 42.5%
Section 08
People & community
Male
49.2%
+2.6 ptssince 2020
from 46.6% in 2020
Female
50.8%
−2.6 ptssince 2020
from 53.4% in 2020
Foreign born
8.2%
−2.5 ptssince 2020
from 10.7% in 2020
US average: 14.1%
Veterans
4.6%
−3.1 ptssince 2020
from 7.8% in 2020
US average: 6.2%
With a disability
8.8%
+2.8 ptssince 2020
from 6.0% in 2020
US average: 13.3%
Uninsured
8.8%
−0.2 ptssince 2020
from 9.0% in 2020
US average: 8.4%
Broadband at home
94.6%
+2.5 ptssince 2020
from 92.1% in 2020
US average: 91.0%
English only at home
84.9%
+0.9 ptssince 2020
from 84.0% in 2020
US average: 77.7%
Spanish at home
10.9%
+0.4 ptssince 2020
from 10.5% in 2020
US average: 13.6%
Drill deeper
Places similar to Census Tract 705.04
Census Tract 514
Pop 3,853
Census Tract 139.01
Pop 3,283
Census Tract 25
Pop 3,762
Census Tract 2.01
Pop 3,229
Places similar to Census Tract 705.04Head to head
Compare Census Tract 705.04 to nearby tracts
CENSUS TRACT 705.04 VS
Census Tract 705.03
Income$121,042+70%
Home value$385,100+30%
Population3,339−8%
SEE FULL COMPARISON →
CENSUS TRACT 705.04 VS
Census Tract 706.02
Income$83,125+17%
Home value$300,000+1%
Population5,114+40%
SEE FULL COMPARISON →
CENSUS TRACT 705.04 VS
Census Tract 706.01
Income$68,750−4%
Home value$261,400−12%
Population4,518+24%
SEE FULL COMPARISON →
CENSUS TRACT 705.04 VS
Census Tract 705.01
Income$85,481+20%
Home value$352,100+19%
Population4,223+16%
SEE FULL COMPARISON →
Frequently asked
How many people live in this census tract?
this census tract has about 3,646 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $71,313 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $296,000, and the typical rent is about $980 a month.
How educated are people in this census tract?
About 34.6% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 10.3% of people in this census tract live below the federal poverty line.
Keep going
Explore from here
Containing area
Rice CountyOther census tracts in Rice County
Census Tract 702Census Tract 709.01Census Tract 706.02Census Tract 703Census Tract 706.01Census Tract 709.02Census Tract 701.02Census Tract 708.01Census Tract 704Census Tract 705.01Census Tract 708.02Census Tract 707.02Census Tract 701.01Census Tract 705.03Census Tract 707.01DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024