CENSUS TRACT
Census Tract 706.02
Minnesota · Rice County · 5,114 residents · 5.792 sq mi
Notable rankings
#8lowest young in MN#601 US21.0 yrs#91lowest short commute in MN14.8 min#274highest population in MN5,114TRACT SHAPE · Rice County, MN
The short version
Census Tract 706.02 has roughly average household income, with a median household income of $83,125. Population has declined 5% since 2020. Median home value is $300,000. At a median age of 21.0, residents skew younger than the country as a whole. Poverty is rare here, at 6.2% of residents.
At a glance
Average income
near the US median
US median: $82,259
Younger
median age 21.0
US median: 38.9
Average education
39% 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
5,114
−5%since 2020
from 5,406 in 2020
2020 – 2024
Population density
883 / sq mi
−5%since 2020
from 933 / sq mi in 2020
US average: 281
Median age
21.0
Unchangedsince 2020
from 21.0 in 2020
US average: 38.9
Population, 2020 – 2024
20245K
Section 02
Income & economy
Median household income
$83,125
+10%inflation adjusted, since 2020
from $62,078 in 2020
US average: $82,259
2020 – 2024
Per capita income
$25,740
+24%since 2020
from $20,768 in 2020
US average: $44,673
Households earning $100K+
53.7%
+11.1 ptssince 2020
from 42.5% in 2020
US average: 53.3%
Poverty rate
6.2%
+0.3 ptssince 2020
from 5.9% in 2020
US average: 12.5%
Income inequality (Gini)
0.409
−1%since 2020
from 0.412 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade7%
Transportation & warehousing4.6%
Information4.5%
Wholesale trade3.4%
Other services2.2%
Public administration1.8%
Finance & insurance1.1%
Professional, scientific, technical1.1%
Arts, entertainment, food1.1%
Agriculture, forestry, fishing0.7%
Construction0.7%
Manufacturing0%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$300,000
+21%inflation adjusted, since 2020
from $204,200 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,099
+5%inflation adjusted, since 2020
from $863 in 2020
US average: $1,442
Owner-occupied
82.1%
+13.8 ptssince 2020
from 68.4% in 2020
17.9% rent
Vacancy rate
3.7%
−4.6 ptssince 2020
from 8.2% in 2020
US average: 10.0%
Owner cost-burdened
26.2%
+0.5 ptssince 2020
from 25.8% in 2020
US average: 22.9%
Renter cost-burdened
41.3%
−2.7 ptssince 2020
from 44.0% in 2020
US average: 47.4%
Afford Score
3.6
+10%since 2020
from 3.3 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 706.02 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic82.8%(4,474)
Black3.1%(166)
Hispanic / Latino6%(322)
Asian4.3%(230)
Other4%(214)
Diversity Score38.4%(2,076)
2024
White, non-Hispanic81.2%(4,153)
Black2.1%(108)
Hispanic / Latino6.5%(334)
Asian4.4%(225)
Other5.7%(294)
Diversity Score41.3%(2,113)
Diversity Score
41
+8%since 2020
from 38 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
38.6%
+1.7 ptssince 2020
from 36.9% in 2020
US average: 35.6%
High school or higher
96.4%
−0.1 ptssince 2020
from 96.5% in 2020
US average: 89.6%
Graduate degree
16.9%
−0.8 ptssince 2020
from 17.7% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
14.8 min
−19%since 2020
from 18.3 min in 2020
US average: 26.5
Drive alone to work
35.2%
+6.2 ptssince 2020
from 29.1% in 2020
US average: 68.9%
Carpooled to work
4.9%
+0.3 ptssince 2020
from 4.6% in 2020
US average: 8.5%
Public transit
0.3%
−0.2 ptssince 2020
from 0.5% in 2020
US average: 3.2%
Worked from home
19.2%
−42.7 ptssince 2020
from 61.9% in 2020
US average: 15.0%
Walked to work
38.2%
+34.9 ptssince 2020
from 3.3% in 2020
US average: 2.4%
Biked to work
1.8%
+1.7 ptssince 2020
from 0.1% in 2020
US average: 0.4%
No vehicle available
6.8%
−4.6 ptssince 2020
from 11.4% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
6.7%
−0.3 ptssince 2020
from 7.0% in 2020
US average: 5.2%
Labor force participation
61.9%
−9.2 ptssince 2020
from 71.1% in 2020
US average: 63.5%
Self-employed
20.9%
+14.5 ptssince 2020
from 6.4% in 2020
US average: 13.1%
Management & professional
36.5%
−3.6 ptssince 2020
from 40.2% in 2020
US average: 42.5%
Section 08
People & community
Male
41.9%
−0.9 ptssince 2020
from 42.8% in 2020
Female
58.1%
+0.9 ptssince 2020
from 57.2% in 2020
Foreign born
4.9%
−1.2 ptssince 2020
from 6.2% in 2020
US average: 14.1%
Veterans
1.6%
−0.8 ptssince 2020
from 2.5% in 2020
US average: 6.2%
With a disability
12.2%
+7.2 ptssince 2020
from 5.0% in 2020
US average: 13.3%
Uninsured
1.1%
+0.2 ptssince 2020
from 0.9% in 2020
US average: 8.4%
Broadband at home
91.0%
+4.0 ptssince 2020
from 87.0% in 2020
US average: 91.0%
English only at home
89.0%
−1.0 ptssince 2020
from 90.0% in 2020
US average: 77.7%
Spanish at home
3.9%
+0.2 ptssince 2020
from 3.8% in 2020
US average: 13.6%
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Compare Census Tract 706.02 to nearby tracts
CENSUS TRACT 706.02 VS
Census Tract 705.04
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Home value$296,000−1%
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CENSUS TRACT 706.02 VS
Census Tract 706.01
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CENSUS TRACT 706.02 VS
Census Tract 705.03
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CENSUS TRACT 706.02 VS
Census Tract 705.01
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Frequently asked
How many people live in this census tract?
this census tract has about 5,114 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 $83,125 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 $300,000, and the typical rent is about $1,099 a month.
How educated are people in this census tract?
About 38.6% 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 6.2% of people in this census tract live below the federal poverty line.
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Containing area
Rice CountyOther census tracts in Rice County
Census Tract 702Census Tract 709.01Census Tract 703Census Tract 706.01Census Tract 709.02Census Tract 701.02Census Tract 708.01Census Tract 704Census Tract 705.01Census Tract 708.02Census Tract 705.04Census Tract 707.02Census Tract 701.01Census Tract 705.03Census Tract 707.01DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024