Housing costs in Fairmount?
A typical home costs
$103,500, which is 69.4% less expensive than the national average of
$338,100 and 57.0% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Fairmount costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 22.7% cheaper than the state average of
$920.
Can I afford Fairmount?
To live comfortably in Fairmount, North Dakota, a minimum annual income of
$19,800 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Fairmount?
The cost of living in Fairmount, ND is quite reasonable. With an average home value of just under $150,000, and a median income of around $51,000 per year, the community has remained affordable for its residents. The overall cost of housing is significantly lower than the national average, and groceries tend to be much more affordable as well. In addition, many residents enjoy minimal daily expenses due to the abundance of free activities available throughout the town. All in all, Fairmount proves to be a great place for families or individuals looking for an affordable lifestyle in a laid-back and friendly community.