Cost of Living in Golden Valley County, North Dakota

$856/mo
Median Monthly Rent
$119,200
Median Home Value
11% above state averageUnaffordable

At a Glance

Median Monthly Rent
$856/mo
11% above state average
Median Home Value
$119,200
58% below national
Rent-to-Income Ratio
20.0%
% 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 Golden Valley County Compares

Median monthly rent comparison

Golden Valley County$856/mo
North Dakota Average$770/mo
National Median$1,163/mo

Detailed Housing Stats

$856/mo
Median Gross Rent
$119,200
Median Home Value
$525/mo
Monthly Owner Cost
20.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Golden Valley County, North Dakota

Golden Valley rents are more affordable than U.S. average

Golden Valley County's rent-to-income ratio of 13.4% sits comfortably above the national benchmark, meaning renters here spend a smaller share of their paychecks on housing. With a median household income of $76,528—slightly above the national median of $74,755—residents enjoy breathing room that many Americans lack.

Better than average across North Dakota

Golden Valley's 13.4% rent-to-income ratio exceeds the state average of 12.8%, placing it in the middle tier of North Dakota affordability. Median rent of $856 runs slightly above the state median of $770, yet incomes here support that difference.

Balanced housing costs in rural heartland

Golden Valley's median rent of $856 and median home value of $119,200 position it as moderately priced compared to nearby counties. Griggs County offers cheaper rents at $606, while Grand Forks County pushes higher at $971 for renters seeking urban amenities.

Rent and ownership both reasonable

Renters in Golden Valley spend about $856 monthly while homeowners pay $525 for mortgages—both manageable on the county's $76,528 median income. Housing consumes roughly 13% of household earnings, leaving funds for other necessities.

Consider Golden Valley for stable housing costs

If you're relocating to rural North Dakota and want solid affordability without sacrificing income potential, Golden Valley deserves a look. Compare your household income against the $856 rent or $119,200 home price to see if the numbers work for you.

Affordability Calculator

See how your income compares to housing costs in Golden Valley County

$

Rent Burden

13.4%

of gross income

Max Housing (28% Rule)

$1,786

per month

Owner Cost Burden

8.2%

of gross income

You can likely afford the median home in Golden Valley County

Median home value is $119,200. Estimated monthly cost: $952 vs. your max of $1,786.

Rent Affordability Guide

Your rent-to-income ratio13.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Golden Valley County, North Dakota?
Golden Valley County, North Dakota has a median monthly rent of $856/mo and a median home value of $119,200. The affordability rating is Unaffordable, with rent making up approximately 20.0% of median household income.
What is the median rent in Golden Valley County?
The median gross rent in Golden Valley County is $856/mo. This is 11% above state average for North Dakota.
Is Golden Valley County affordable?
Golden Valley County is rated Unaffordable based on rent-to-income ratio of 20.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Golden Valley County's rent compare to the state average?
Golden Valley County's median rent of $856/mo is 11% above state average of $770/mo for North Dakota.
What is the median home value in Golden Valley County?
The median home value in Golden Valley County, North Dakota is $119,200. This is 58% 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.