Housing costs in Drake?
A typical home costs
$83,700, which is 75.2% less expensive than the national average of
$338,100 and 65.2% less expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Drake costs
$750 per month, which is 18.5% cheaper than the national average of
$920 and 32.0% cheaper than the state average of
$990.
Can I afford Drake?
To live comfortably in Drake (zip 58736), North Dakota, a minimum annual income of
$16,200 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Drake?
58736 Drake, ND has a relatively low cost of living compared to other parts of the country. The median home value is $87,200, which is much lower than the national median home value of $196,500. Additionally, the median household income for residents in this area is just over $44,000 and the average rental price for a one-bedroom apartment is under $600 a month. This makes Drake an affordable option for those looking to live in North Dakota without breaking the bank. Other financial benefits include a low property tax rate and no state income tax. Overall, 58736 Drake provides its residents with an adequate standard of living at an affordable cost.