Hazen, ND vs Horace, ND
There is a significant gap in the cost of living between these two cities. Hazen is 20.7% cheaper than Horace. With a cost index of 77 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hazen to Horace should plan for substantially higher expenses across most categories.
On the housing front, median rent in Hazen is $989/month compared to $963/month in Horace — a 3% difference. Interestingly, home values tell a different story: while Horace has cheaper rent, Hazen actually has lower median home values ($189,300 vs $444,600).
Median household income in Hazen is $72,094 compared to $145,801 in Horace (-50.6%). 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 Hazen spend roughly 16.5% of their income on rent, more than the 7.9% in Horace.
Climate-wise, both cities share similar average temperatures (40.9°F vs 42.2°F). Horace receives more rainfall at 24" per year compared to 17.8" in Hazen.
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Climate
NOAA 30-year normals (1991-2020)