10.9% of the population for whom poverty status is determined in Riceville, IA (87 out of 798 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Males 25 - 34, followed by Males 18 - 24 and then Females 15.

The most common racial or ethnic group living below the poverty line in Riceville, IA is White, followed by Hispanic and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.