Quick facts: Max, ND

Quick Facts

94.7
Cost of Living
below US average
328
Population
82.32
Crime Rate per 1000
above US average
$68,194
Median Income
below US average
$625,000
Median House Price
above US average
$1200
Average Rent
below US average
12%
Poverty Rate
above US average
3.2%
Unemployment Rate
below US average

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 $68,194.

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Income Needed to Buy

βœ— Stretch
$196k/year
Based on $625,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $196k vs median $68,194
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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 ($68,194) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Max, ND

Max, North Dakota, is a small, charming city located in Ward County, with a population of just under 500 residents. Known for its close-knit community and scenic landscapes, Max offers a peaceful rural lifestyle amidst the natural beauty of the Dakotas. The city is situated approximately 40 miles northwest of Minot, making it accessible to larger urban amenities while maintaining its small-town charm. Max features a mix of agricultural and recreational activities, with nearby opportunities for hunting, fishing, and outdoor sports, which are popular among locals and visitors alike. The city's community spirit is evident in local events and gatherings that bring residents together. Historically, Max was named after the Max Family of the area, and it has retained its quaint feel over the years. In addition to basic amenities, the city has schools and community services that cater to residents, providing a supportive environment for families. Overall, Max, ND is a serene town perfect for those seeking a slower-paced life in a picturesque setting.

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