Housing costs in Luverne?
A typical home costs
$114,000, which is 66.3% less expensive than the national average of
$338,100 and 52.6% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Luverne 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 Luverne?
To live comfortably in Luverne, North Dakota, a minimum annual income of
$21,960 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Luverne?
The cost of living in Luverne, ND is very reasonable. Housing prices are low, with an average rent of $500 and an average home price of around $160,000. Utility costs are also low due to the abundance of natural resources in the area. Groceries and other goods are competitively priced compared to other cities in the region. Overall, basic living expenses are quite affordable in Luverne, ND, making it a great option for retirees and budget-minded families alike.