Housing costs in Lake?
A typical home costs
$334,000, which is 1.2% less expensive than the national average of
$338,100 and 38.8% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Lake costs
$870 per month, which is 39.2% more than the national average of
$1,430 and 5.7% cheaper than the state average of
$920.
Can I afford Lake?
To live comfortably in Lake, North Dakota, a minimum annual income of
$64,080 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Lake?
The cost of living in Lake, ND is generally moderate compared to other parts of the country. The median home value is just over $130,000 according to Zillow, and the median rent is around $1,100 per month. Groceries and utilities are also affordable, with the cost of living index being 91.9 - lower than the national average of 100. Transportation costs are relatively low due to its small size and lack of a major public transit system. In general, Lake, ND provides an affordable lifestyle for those looking for a more rural experience without sacrificing quality of life.