Housing costs in Park River?
A typical home costs
$144,500, which is 57.3% less expensive than the national average of
$338,100 and 40.0% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Park River costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and 2.1% more than the state average of
$920.
Can I afford Park River?
To live comfortably in Park River, North Dakota, a minimum annual income of
$27,720 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Park River?
The cost of living in Park River, ND is quite reasonable. The overall cost of living index is slightly below the national average, at 95.4 compared to 100. It is especially affordable for housing, with a median home price of only $86,800 and an average rental rate of just $573. Utilities are also inexpensive due to the area's abundance of natural resources like renewable energy sources, making it easy to keep household bills low. Furthermore, groceries and other necessary items can be purchased at much lower prices than in other areas. All these factors combine to make Park River a great place to live without breaking the bank!