Housing costs in Loretta?
A typical home costs
$295,500, which is 12.6% less expensive than the national average of
$338,100 and 22.8% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Loretta 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 Loretta?
To live comfortably in Loretta, North Dakota, a minimum annual income of
$56,520 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Loretta?
Living in Loretta, ND is known to be quite affordable. The median cost of housing is $127,000, which is far less than the national average of $200,000. Additionally, the cost of living index in Loretta is just 79.2 compared to the national average of 100, making it one of the most affordable places to live in the United States. Other costs such as food and transportation are also very reasonable. With all these factors combined, Loretta offers residents a great value for their money and a comfortable quality of life.