Beulah, ND vs Horace, ND
There is a significant gap in the cost of living between these two cities. Beulah is 17.1% cheaper than Horace. With a cost index of 80 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Beulah to Horace should plan for substantially higher expenses across most categories.
On the housing front, median rent in Beulah is $1,092/month compared to $963/month in Horace — a 13% difference. Interestingly, home values tell a different story: while Horace has cheaper rent, Beulah actually has lower median home values ($194,300 vs $444,600).
Median household income in Beulah is $84,417 compared to $145,801 in Horace (-42.1%). While Horace is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Beulah spend roughly 15.5% of their income on rent, more than the 7.9% in Horace.
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