Cost of Living in Oakes, ND
Housing
The housing market plays a significant role in determining the cost of living in Oakes, ND.
- Housing Index: 78.0 / 100
- Median Home Price is: $197,000
- Average Rent (2 BR Apartment): $950 per month
- Average Rent (2 BR House): $975 per month
In Oakes, ND, the housing index of 78.0 suggests a relatively affordable cost of living compared to many urban areas. The median home price of 197000 is attractive for prospective buyers, while average rents of 950 for a 2-bedroom apartment and 975 for a 2-bedroom house make it appealing for renters as well. These figures indicate a balanced market, providing options for both those looking to purchase a home and those wishing to rent. Overall, Oakes offers a promising option for relocation consideration based on housing affordability trends.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Oakes, 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.): $200 per month
Living in Oakes, 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 $200 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 Oakes is a financially viable option for your relocation.