Housing costs in Peterson?
A typical home costs
$428,600, which is 26.8% more expensive than the national average of
$338,100 and 78.1% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Peterson costs
$820 per month, which is 42.7% more than the national average of
$1,430 and 12.2% cheaper than the state average of
$920.
Can I afford Peterson?
To live comfortably in Peterson, North Dakota, a minimum annual income of
$82,080 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Peterson?
The cost of living in Peterson, ND is relatively low compared to many other cities and towns. The median home value is $108,000, which is significantly lower than the national median home value of $231,200. Additionally, the cost of living index is about 95.7 which means that it is 4.3% cheaper than the national average. Housing costs are especially affordable in Peterson with an average rent being only approximately $600 per month for a one bedroom apartment or house. Other living expenses like groceries, utilities, and healthcare are also lower than the nation’s average prices making it a great place to live for those looking for a more budget friendly lifestyle.