Housing costs in Forbes?
A typical home costs
$160,500, which is 52.5% less expensive than the national average of
$338,100 and 33.3% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Forbes costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 7.1% more than the state average of
$920.
Can I afford Forbes?
To live comfortably in Forbes, North Dakota, a minimum annual income of
$30,600 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Forbes?
The cost of living in Forbes, ND is notably lower than the national average. The median home value is only $85,400, considerably less than the national median of $219,700. Additionally, the median household income is around $58,000, about $16,000 less than the national average. This combination of low housing costs and modest incomes help keep the overall cost of living low in Forbes. Furthermore, Forbes has a sales tax rate of just 5%, substantially lower than the 7-9% rates found in many other states. All told, Forbes is an affordable place to live and work for those who don't need to be near major metropolises.