Cost of Living in Hankinson, ND
Housing
The housing market plays a significant role in determining the cost of living in Hankinson, ND.
- Housing Index: Data is updating
- Median Home Price is: $201,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the data, Hankinson, ND presents a Median Home Price of 201000, which may appeal to homebuyers looking for affordability. However, with a housing index of 0.0, it appears there is little to no rental market, as both Average Rents for a 2BR Apartment and a 2BR House remain at zero. This could mean that renting options are scarce or nonexistent, potentially driving demand for purchasing homes. It’s essential to research local amenities, schools, and overall community life in Hankinson if you consider it your next move, as these factors significantly influence long-term satisfaction.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hankinson, ND.
- Electricity Price: $13.65 USD (median by state)
- Natural Gas Price: $10.8 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Hankinson, ND could entail higher utility costs. Electricity costs sit at $13.65, while natural gas is priced at $10.8 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hankinson is a financially viable option for your relocation.