Cost of Living in Eddy County, North Dakota

$615/mo
Median Monthly Rent
$115,500
Median Home Value
20% below state averageUnaffordable

At a Glance

Median Monthly Rent
$615/mo
20% below state average
Median Home Value
$115,500
59% below national
Rent-to-Income Ratio
17.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Eddy County Compares

Median monthly rent comparison

Eddy County$615/mo
North Dakota Average$770/mo
National Median$1,163/mo

Detailed Housing Stats

$615/mo
Median Gross Rent
$115,500
Median Home Value
$613/mo
Monthly Owner Cost
17.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Eddy County, North Dakota

Eddy offers rock-bottom rents for lower earners

At 13.3%, Eddy County's rent-to-income ratio sits just above the national median, yet the county's modest median income of $55,389 and bargain rents of $615 create genuine affordability for budget-conscious renters. Eddy delivers the region's lowest absolute rent prices, making it appealing to those prioritizing low monthly payments over income.

Eddy ranks among North Dakota's cheapest rentals

Eddy County's median rent of $615 ranks as the state's lowest, running $155 below North Dakota's average of $770, though a rent-to-income ratio of 13.3% slightly exceeds the state's 12.8% average. The county trades strong rent affordability for below-average local earning power.

Eddy's rents are the region's most accessible

At $615 monthly, Eddy renters pay the absolute lowest rent among all eight counties—$244 less than Cavalier ($859), $134 less than Dickey ($749), and nearly $450 less than Divide ($1,064). Eddy's housing costs create genuine affordability advantage for those with modest incomes.

Eddy balances low costs with modest earnings

Eddy County's median income of $55,389 stands lowest among these eight counties, yet renters spending $615 monthly allocate a manageable 13.3% to housing, while homeowners pay $613 on a median value of just $115,500. Both pathways demand minimal income, though ownership costs equal rental costs—unusual affordability.

Eddy suits remote workers and budget-conscious movers

Eddy County's $615 monthly rent—the region's lowest—makes it ideal for remote workers, early retirees, or anyone prioritizing minimal housing expense over local wages. If your income comes from outside Eddy and you seek maximum affordability, this county's $615 rents and $115,500 home values deliver unmatched value.

Affordability Calculator

See how your income compares to housing costs in Eddy County

$

Rent Burden

13.3%

of gross income

Max Housing (28% Rule)

$1,292

per month

Owner Cost Burden

13.3%

of gross income

You can likely afford the median home in Eddy County

Median home value is $115,500. Estimated monthly cost: $922 vs. your max of $1,292.

Rent Affordability Guide

Your rent-to-income ratio13.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Eddy County, North Dakota?
Eddy County, North Dakota has a median monthly rent of $615/mo and a median home value of $115,500. The affordability rating is Unaffordable, with rent making up approximately 17.0% of median household income.
What is the median rent in Eddy County?
The median gross rent in Eddy County is $615/mo. This is 20% below state average for North Dakota.
Is Eddy County affordable?
Eddy County is rated Unaffordable based on rent-to-income ratio of 17.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Eddy County's rent compare to the state average?
Eddy County's median rent of $615/mo is 20% below state average of $770/mo for North Dakota.
What is the median home value in Eddy County?
The median home value in Eddy County, North Dakota is $115,500. This is 59% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.