Skandia, ND Economy

Skandia, ND is a small town located in the northeast of the state. It has a population of around 5,000 people and is known for its affordable housing and low cost of living. 2 bedroom rentals in Skandia are priced at $760 per month compared to $1,430 on average across the US. Additionally, grocery costs in Skandia are 95% of what they cost nationally on average.
The local economy is primarily based off farming and agriculture as it's situated close to many acres of fertile land used for crop production. Also, due to its location between two major cities there are some larger businesses such as Walmart and Kohl’s that have opened branches in the area. Smaller businesses such as restaurants and cafés populated by locals also help sustain the economy.