Cost of Living in Slope County, North Dakota

$719/mo
Median Monthly Rent
$121,300
Median Home Value

At a Glance

Median Monthly Rent
$719/mo
7% below state average
Median Home Value
$121,300
57% below national
Rent-to-Income Ratio
26.0%
% 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 Slope County Compares

Median monthly rent comparison

Slope County$719/mo
North Dakota Average$770/mo
National Median$1,163/mo

Detailed Housing Stats

$719/mo
Median Gross Rent
$121,300
Median Home Value
$509/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Slope County ranks #6 of 3,144 counties for affordability (top 0%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Slope County, North Dakota

Slope's housing costs demand higher income

Slope County's 13.8% rent-to-income ratio exceeds the national norm, even as median rent of $719 remains modest in absolute dollars. With median household income of $62,500—well below the national average of $74,755—residents stretch further to afford housing than typical American households.

Above average housing burden for county

Slope County ranks in the less-affordable half of North Dakota counties, with a 13.8% rent-to-income ratio topping the state average of 12.8%. The $719 median rent runs $51 above the state median, adding to the affordability pressure on an income base below state norms.

Mid-range costs in rural North Dakota

Slope's $719 rent sits between affordable Sheridan ($373) and pricier Sargent ($835), while home values of $121,300 similarly occupy the middle. The county offers neither the bargain pricing of far-rural areas nor the economic strength of wealthier neighboring counties.

Rent strains more than ownership

At 13.8%, rent consumes a notably larger share of income than the 9.8% homeowners dedicate to $509 monthly mortgage costs. For renters in Slope County, housing is a tighter squeeze relative to local earning power.

Moderate option with affordability caution

Slope County offers modest rents and home prices, but its below-average income base means housing still bites harder here than in wealthier counties. Renters should be prepared for housing costs that consume more of their budget than state averages suggest.

Cost of Living Advisory: Slope County

Affordability Verdict

Housing in Slope County is affordable. The median rent is $719/month against a median household income of $62,500, putting rent at 13.8% of income.

Rent vs. Own

Renters in Slope County pay $719/month on average, compared to $509/month for homeowners. This market favors buyers by about 29%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $28,760/year. For owner costs at the 28% rule, the required income is roughly $21,814/year. With a median household income of $62,500, most households can comfortably afford rent here. Notably, 26.0% of renter households in Slope County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Slope County sits 8% less expensive than Barnes County ($779/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Slope County

$

Rent Burden

13.8%

of gross income

Max Housing (28% Rule)

$1,458

per month

Owner Cost Burden

9.8%

of gross income

You can likely afford the median home in Slope County

Median home value is $121,300. Estimated monthly cost: $968 vs. your max of $1,458.

Rent Affordability Guide

Your rent-to-income ratio13.8%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $62,500Needed: $28,760
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $62,500Needed: $21,814
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $62,500Needed: $28,230

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

What is the cost of living in Slope County, North Dakota?
Slope County, North Dakota has a median monthly rent of $719/mo and a median home value of $121,300. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Slope County?
The median gross rent in Slope County is $719/mo. This is 7% below state average for North Dakota.
Is Slope County affordable?
Slope County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Slope County's rent compare to the state average?
Slope County's median rent of $719/mo is 7% below state average of $770/mo for North Dakota.
What is the median home value in Slope County?
The median home value in Slope County, North Dakota is $121,300. This is 57% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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