Housing costs in Palermo?
A typical home costs
$227,300, which is 32.8% less expensive than the national average of
$338,100 and 5.6% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Palermo 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 Palermo?
To live comfortably in Palermo, North Dakota, a minimum annual income of
$43,560 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Palermo?
The cost of living in Palermo, ND is relatively low compared to other cities in the U.S. According to BestPlaces, the cost of living index for Palermo is 71.05, which is lower than the U.S. average of 100. This means that the consumer price index and housing are both more affordable in Palermo compared to other cities in the country. In addition, rent costs are several hundreds of dollars less than what someone would pay in a larger city like New York or Los Angeles while still providing basic necessities such as grocery stores and restaurants. Overall, Palermo is an affordable place to live and offers plenty of amenities including trails, parks, and recreation areas that make it an ideal place for those looking for a small-town feel with all the benefits of a larger city at a much lower cost.