Housing costs in Spring Lake?
A typical home costs
$311,900, which is 7.7% less expensive than the national average of
$338,100 and 29.6% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Spring Lake costs
$740 per month, which is 48.3% more than the national average of
$1,430 and 24.3% cheaper than the state average of
$920.
Can I afford Spring Lake?
To live comfortably in Spring Lake, North Dakota, a minimum annual income of
$59,760 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Spring Lake?
The cost of living in Spring Lake, ND is relatively low compared to other parts of the country. The median home price is $189,400 which is significantly lower than the national average. Rent prices are also quite affordable with a one bedroom apartment renting for as low as $425 per month. Overall, basic living expenses such as food, gas and utilities are very reasonable. In addition, there is no state income tax which helps to keep costs down. All of these factors make Spring Lake an attractive place to live for those on a budget while still enjoying all that this small town has to offer.