Quick facts: Carrington, ND

Quick Facts

94.7
Cost of Living
below US average
2,053
Population
2.92
Crime Rate per 1000
below US average
$62,240
Median Income
below US average
$178,000
Median House Price
above US average
$1200
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $62,240.

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Income Needed to Buy

βœ“ Affordable
$56k/year
Based on $178,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($62,240) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$51k/year
Based on $1200/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($62,240) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Carrington, ND

Carrington is a small city located in Foster County, North Dakota. Known for its friendly atmosphere and strong sense of community, it serves as the county seat. Established in 1882, Carrington has a population of around 2,000 residents, making it a close-knit town where neighbors know each other. The city is surrounded by the beautiful landscapes of North Dakota, offering outdoor recreational opportunities such as fishing, hiking, and bird watching. Carrington is also known for its agricultural roots, with many residents involved in farming and ranching. The local economy is bolstered by agriculture, education, and healthcare sectors. Carrington is home to several parks and recreational facilities, providing residents with spaces for family gatherings, picnics, and sports activities. The annual events, such as the Carrington Summer Celebration, bring the community together to celebrate local culture and foster connections among residents. In terms of education, Carrington has a strong school system that caters to the needs of its youth, emphasizing both academics and extracurricular activities. With its charming small-town vibe, Carrington is an inviting place for those seeking a tranquil lifestyle.

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