Cost of Living in Steele County, North Dakota

$630/mo
Median Monthly Rent
$120,400
Median Home Value
18% below state averageUnaffordable

At a Glance

Median Monthly Rent
$630/mo
18% below state average
Median Home Value
$120,400
57% 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 Steele County Compares

Median monthly rent comparison

Steele County$630/mo
North Dakota Average$770/mo
National Median$1,163/mo

Detailed Housing Stats

$630/mo
Median Gross Rent
$120,400
Median Home Value
$661/mo
Monthly Owner Cost
17.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Steele County, North Dakota

Steele County offers above-average affordability

At 9.4%, Steele County's rent-to-income ratio is notably below the national norm, reflecting a county where modest rents meet solid incomes. With median household income of $80,313 and rent at just $630 monthly, residents enjoy genuine housing affordability compared to typical American households.

Best-in-class North Dakota affordability

Steele County ranks among North Dakota's most affordable, with a 9.4% rent-to-income ratio well below the state average of 12.8%. The $630 median rent runs below the state average of $770, while median income of $80,313 exceeds most county peers.

Strong value vs. wealthier neighbors

Steele County's $630 rent undercuts Sargent ($835) and Stark ($966) while staying affordable relative to income. At $120,400, median home values fall between rural bargains like Sheridan ($107,700) and pricier neighbors, offering efficient value for homebuyers.

Renters and owners both get good deals

Renters spend 9.4% of income on $630 monthly rent, while homeowners dedicate 9.9% to $661 owner costs—among the state's lowest percentages. This efficiency holds even among homebuyers, suggesting Steele County delivers broad-based affordability.

Balance of affordability and income strength

If you're relocating to North Dakota and housing affordability matters, Steele County delivers genuine value without sacrificing local earning potential. Strong income combined with below-average housing costs makes this county a standout choice for budget-conscious movers.

Affordability Calculator

See how your income compares to housing costs in Steele County

$

Rent Burden

9.4%

of gross income

Max Housing (28% Rule)

$1,874

per month

Owner Cost Burden

9.9%

of gross income

You can likely afford the median home in Steele County

Median home value is $120,400. Estimated monthly cost: $961 vs. your max of $1,874.

Rent Affordability Guide

Your rent-to-income ratio9.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Steele County, North Dakota?
Steele County, North Dakota has a median monthly rent of $630/mo and a median home value of $120,400. The affordability rating is Unaffordable, with rent making up approximately 17.0% of median household income.
What is the median rent in Steele County?
The median gross rent in Steele County is $630/mo. This is 18% below state average for North Dakota.
Is Steele County affordable?
Steele 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 Steele County's rent compare to the state average?
Steele County's median rent of $630/mo is 18% below state average of $770/mo for North Dakota.
What is the median home value in Steele County?
The median home value in Steele County, North Dakota is $120,400. This is 57% 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.