Cost of Living in Eddy County, North Dakota
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Eddy County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Eddy County ranks #564 of 3,144 counties for affordability (top 18%)
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.
Cost of Living Advisory: Eddy County
Affordability Verdict
Housing in Eddy County is affordable. The median rent is $615/month against a median household income of $55,389, putting rent at 13.3% of income.
Rent vs. Own
The median rent in Eddy County is $615/month, while owner costs run $613/month. Owning saves approximately $2/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $24,600/year. For owner costs at the 28% rule, the required income is roughly $26,271/year. With a median household income of $55,389, most households can comfortably afford rent here. Notably, 17.0% of renter households in Eddy County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Eddy County sits 12% more expensive than Emmons County ($551/month) in terms of median gross rent.
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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