Drake, ND vs Regan, ND
There is a significant gap in the cost of living between these two cities. Drake is 26.5% cheaper than Regan. With a cost index of 59 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Drake to Regan should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Drake are $76,700 compared to $108,800 in Regan, a 30% gap.
Median household income in Drake is $46,875 compared to $73,250 in Regan (-36%). While Regan is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.
Climate-wise, both cities share similar average temperatures (43.4°F vs 43.1°F). Regan receives more rainfall at 19.1" per year compared to 16.7" in Drake.
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NOAA 30-year normals (1991-2020)