Housing costs in Monango?
A typical home costs
$192,000, which is 43.2% less expensive than the national average of
$338,100 and 20.2% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Monango costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 12.2% cheaper than the state average of
$920.
Can I afford Monango?
To live comfortably in Monango, North Dakota, a minimum annual income of
$36,720 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Monango?
Monango, ND is known for having one of the lowest cost of living in the United States. It has an average housing index of only 90.2, which is substantially lower than the national average of 100. The median home price in Monango is around $165,000 and the median household income is about $50,000. That means that people can easily afford to live in Monango without having to worry about their budget being stretched too thin. The lower cost of living makes it easy for people to save money, and it’s likely why so many families opt to stay in this small town despite its rural location. With a low cost of living, residents can enjoy all the amenities that come with living in a rural setting without having to sacrifice a comfortable lifestyle and financial savings.