Housing costs in Loraine?
A typical home costs
$0, which is 100.0% less expensive than the national average of
$338,100 and 100.0% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Loraine costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 8.2% cheaper than the state average of
$920.
Can I afford Loraine?
To live comfortably in Loraine, North Dakota, a minimum annual income of
$30,960 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Loraine?
The cost of living in Loraine, ND is lower than the US average. This means that residents of Loraine have more purchasing power for their money. The median value of a home in Loraine is significantly lower than the US average, which makes it an attractive option for those looking to buy a home and get more bang for their buck. In addition to the low median home value, basic necessities such as food, clothing, and utilities are also much cheaper due to the low cost of living in Loraine.