Housing costs in Elma?
A typical home costs
$204,100, which is 39.6% less expensive than the national average of
$338,100 and 15.2% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Elma costs
$830 per month, which is 42.0% more than the national average of
$1,430 and 10.8% cheaper than the state average of
$920.
Can I afford Elma?
To live comfortably in Elma, North Dakota, a minimum annual income of
$39,240 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Elma?
The cost of living in Elma, ND is relatively low compared to other parts of the country. Rent for a one bedroom apartment averages around $500/month and basic utilities such as electricity, water, and garbage are quite affordable. Grocery prices are also reasonable with an average cart of food costing around $50-60. The overall cost of owning a car is also lower than most places due to inexpensive gas prices and reasonable auto insurance rates. Overall, the cost of living in Elma is very affordable making it a great place for people on a budget or those looking for a more economical lifestyle.