Housing costs in Round Lake?
A typical home costs
$201,000, which is 40.6% less expensive than the national average of
$338,100 and 16.5% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Round Lake costs
$760 per month, which is 46.9% more than the national average of
$1,430 and 21.1% cheaper than the state average of
$920.
Can I afford Round Lake?
To live comfortably in Round Lake, North Dakota, a minimum annual income of
$38,520 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Round Lake?
The cost of living in Round Lake, ND is relatively low compared to other places in the US. Groceries and everyday items such as gas and food are much cheaper than the national average. Rent tends to be more affordable in Round Lake as well, with an average rental rate of around $550 a month. Utility bills are also quite low due to the rural nature of the area, with electricity costing about $67 a month and natural gas costing about $45 a month. Furthermore, taxes are quite reasonable in Round Lake, with property taxes being lower than most states while sales tax remains slightly above the national average. All in all, living in Round Lake is very affordable when compared with other areas of the country.