Cost of Living in Binford, ND
Housing
The housing market plays a significant role in determining the cost of living in Binford, ND.
- Housing Index: 87.6 / 100
- Median Home Price is: $100,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1304 per month
In Binford, ND, the housing data indicates a housing index of 87.6, with a median home price at a competitive 100000. While the average rent for both a 2-bedroom apartment and a 2-bedroom house are currently listed at 1200 and 1304, respectively, it would be wise to check local market trends, as these could fluctuate. Affordable entry points like these often signify there’s room for appreciation. Researching the overall economic landscape and neighborhood offerings will help inform your decision to move to Binford.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Binford, 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.): $220 per month
Living in Binford, 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 $220 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 Binford is a financially viable option for your relocation.