The Cost of Living in North Dakota 2023: Ideal for A Working Family.

Exploring North Dakota: A Great Place to Live and Work

The Cost of Living in North Dakota

North Dakota is a beautiful state located in the Midwest region of the United States. Known for its picturesque landscapes, vibrant communities, and bustling economy, North Dakota has become a popular place for families to settle down and raise their children. However, with any move comes plenty of questions, and one of the most pressing is undoubtedly the cost of living. What would it cost for a family with both working parents and two kids to live in North Dakota? Let’s take a closer look.

The cost of living in North Dakota is, on average, lower than the national average. According to Best Places, the overall cost of living in North Dakota is 85.4%, which means that it is less expensive to live there compared to the rest of the United States. The cost of living varies depending on the city and town. For instance, the cost of living in Fargo, the largest city, is higher than the cost of living in the smaller cities.

If a family of four with both working parents and two kids wanted to live in North Dakota, they would need to budget around $70,000 to $80,000 per year. This is based on the average cost of living for a typical family, which includes housing, utilities, healthcare, groceries, transportation, and leisure activities.

Housing is a significant factor in determining the cost of living in North Dakota. The average rent for a two-bedroom apartment in North Dakota is around $900 per month. Families could also opt to buy a house, and the median home value in North Dakota is $199,000. The cost of a house per square foot is approximately $136.

A Great Place for Families

The cost of living in North Dakota is significantly lower than many other states, and it is a popular place for families to move to, for many reasons. One reason is the quality of life. North Dakota is a very safe place to live, with a low crime rate. It also has a robust education system, with many high-quality schools and districts rated above the national average. The state also has a thriving economy, with various job opportunities, particularly in the energy sector.

North Dakota is also an ideal place for families with children. The state has unparalleled rolling hills, lakes, rivers, and streams that offer plenty of outdoor activities that families can enjoy. Families can camp, hike, bike, fish, hunt, and more in the endless North Dakota plains. The state is home to Theodore National Park, which is one of the most beautiful national parks in the country.

High-Paying Jobs in North Dakota

North Dakota has long been known for its abundance of natural resources, and as a result, it has become home to a diverse array of industries and occupations. With this in mind, the state boasts a range of high-paying jobs that offer significant earning potential. For those interested in pursuing a lucrative career path, there are many great opportunities to be found in North Dakota.

According to recent data on the state’s top-paying occupations, management roles offer some of the highest salaries. Management occupations, which can encompass a number of different fields and industries, have an average annual salary of $107,681.60. This includes roles such as general and operations managers, marketing managers, and sales managers, which all offer earning potential beyond $100,000 per year.

In addition to management roles, there are a number of other high-paying jobs in North Dakota to consider. Petroleum engineers, for example, have an average annual salary of $155,905.60, making it the highest-paying occupation in the state. This is followed closely by architectural and engineering managers, who earn an average of $138,747.20 per year.

Other jobs with notable earning potential in North Dakota include financial managers, IT managers, and healthcare professionals such as physicians and surgeons. These roles typically have an annual salary above $100,000 and provide individuals with opportunities for career growth and development.

Considering the Cost of Living and Earning Potential

However, when considering the earning potential of these high-paying jobs in North Dakota, it is important to also take into account the standard of living in the state. While the salaries mentioned above may seem impressive, the cost of living in North Dakota is relatively high compared to other states. This means that individuals may need to budget more carefully in order to make the most of their earnings.

With that being said, North Dakota’s thriving economy and abundant job opportunities make it an attractive place for those seeking high-paying careers. Whether in management, engineering, or healthcare, there are many paths to success in this great state.

This content was created by Our team derives unique insights by analyzing contemporary data from trusted sources such as the Bureau of Labor Statistics, Redfin, MIT Living Wage, among others. Should you choose to utilize this data, we kindly request that you provide a link back to our resource.