Housing costs in Colfax?
A typical home costs
$293,700, which is 13.1% less expensive than the national average of
$338,100 and 22.0% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Colfax costs
$820 per month, which is 10.9% cheaper than the national average of
$920 and close to the state average of
$830.
Can I afford Colfax?
To live comfortably in Colfax (zip 58018), North Dakota, a minimum annual income of
$56,160 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Colfax?
Living in 58018 Colfax, ND is very affordable. The median home cost is approximately $80,000, making it much cheaper than the national average of around $200,000. In addition to this, the cost of living index for Colfax is quite low at 83 compared to the national average of 100. This means that general goods and services are about 17% less expensive than the average in the US. Further adding to its affordability, Colfax has a low unemployment rate of 2.8%, which means those who live here have more opportunities to make money and thus keep their costs down even further. Overall, living in Colfax is quite affordable and can be a great option for those seeking a place with lower costs of living than most other regions in America.