Housing costs in Lockwood?
A typical home costs
$187,500, which is 44.5% less expensive than the national average of
$338,100 and 22.1% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Lockwood costs
$810 per month, which is 43.4% more than the national average of
$1,430 and 13.6% cheaper than the state average of
$920.
Can I afford Lockwood?
To live comfortably in Lockwood, North Dakota, a minimum annual income of
$36,000 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Lockwood?
The cost of living in Lockwood, ND is quite affordable. The median home cost is just over $155,000 which makes it one of the most cost-effective cities in the region. Additionally, groceries and dining out are also moderately priced with the average household spending about $48,500 annually on these items combined. Energy costs are also low with regular electricity rates coming in at around 13 cents per kilowatt hour and natural gas prices estimated to be around $2.22/mcf. In short, Lockwood offers a great living environment for those looking for an affordable place to live without sacrificing quality of life.