Cost of Living in Ramsey County, North Dakota

$687/mo
Median Monthly Rent
$197,400
Median Home Value
11% below state averageUnaffordable

At a Glance

Median Monthly Rent
$687/mo
11% below state average
Median Home Value
$197,400
30% below national
Rent-to-Income Ratio
24.0%
% 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 Ramsey County Compares

Median monthly rent comparison

Ramsey County$687/mo
North Dakota Average$770/mo
National Median$1,163/mo

Detailed Housing Stats

$687/mo
Median Gross Rent
$197,400
Median Home Value
$809/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Ramsey County, North Dakota

Ramsey rents align with state norms

Ramsey County's rent-to-income ratio of 13.4% sits slightly above the national average but close to North Dakota's state average of 12.8%. The median rent of $687 remains affordable for the $61,319 median household income, though income here lags the national median.

Below-average income, near-average rents

Ramsey County ranks in the middle-to-lower tier for housing affordability in North Dakota, with a rent-to-income ratio of 13.4% versus the state average of 12.8%. While rents ($687) sit comfortably below the state median of $770, lower median income of $61,319 makes affordability more challenging.

Ramsey offers modest rent savings

Ramsey County's $687 monthly rent is among the lowest in its region, beaten only by Pembina County ($692, but practically equal) and Rolette County ($479). However, Ramsey's median income of $61,319 is the second-lowest in this cluster, making the rent savings less impactful.

Housing takes 24% of income

Ramsey County residents spend 13.4% of income on rent and another 15.8% on owner costs, totaling roughly 29.2% of income for housing. Homebuyers face proportionally higher costs than renters in this market, suggesting renting may be the better financial move.

Ramsey suits income-conscious movers

Ramsey County works well if you value low rent costs and don't mind a lower-income area. Before relocating, compare it to higher-income peers like Oliver County ($76,953 income, 11.3% rent ratio) to ensure the trade-offs align with your priorities.

Affordability Calculator

See how your income compares to housing costs in Ramsey County

$

Rent Burden

13.4%

of gross income

Max Housing (28% Rule)

$1,431

per month

Owner Cost Burden

15.8%

of gross income

The median home in Ramsey County may be a stretch

Median home value is $197,400. Estimated monthly cost: $1,576 vs. your max of $1,431.

Rent Affordability Guide

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

Frequently Asked Questions

What is the cost of living in Ramsey County, North Dakota?
Ramsey County, North Dakota has a median monthly rent of $687/mo and a median home value of $197,400. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Ramsey County?
The median gross rent in Ramsey County is $687/mo. This is 11% below state average for North Dakota.
Is Ramsey County affordable?
Ramsey County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Ramsey County's rent compare to the state average?
Ramsey County's median rent of $687/mo is 11% below state average of $770/mo for North Dakota.
What is the median home value in Ramsey County?
The median home value in Ramsey County, North Dakota is $197,400. This is 30% 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.