Housing costs in Bismarck?
A typical home costs
$246,500, which is 27.1% less expensive than the national average of
$338,100 and 2.4% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Bismarck costs
$940 per month, which is 2.2% more than the national average of
$920 and close to the state average of
$930.
Can I afford Bismarck?
To live comfortably in Bismarck (zip 58501), North Dakota, a minimum annual income of
$47,160 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Bismarck?
The cost of living in 58501 Bismarck, ND is generally considered to be quite affordable. According to BestPlaces, overall costs in the area are 11% lower than the national average. Housing costs, in particular, are notably inexpensive with a median home value of $193,400 and rents averaging at around $945 per month. Grocery prices are also quite low with basic items costing about 13% less than the U.S. average. Utilities are slightly more expensive at 4% higher than the national average. However, transportation expenses such as gas and public transportation can be quite expensive relative to other parts of the country with prices being 7% higher than the U.S average. All in all, living in 58501 Bismarck, ND is quite affordable compared to other parts of the country making it great option for those looking for relatively low cost of living.