Lisbon, ND vs New Rockford, ND
There is a significant gap in the cost of living between these two cities. New Rockford is 16.8% cheaper than Lisbon. With a cost index of 57 vs 67, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Rockford to Lisbon should plan for substantially higher expenses across most categories.
On the housing front, median rent in Lisbon is $671/month compared to $584/month in New Rockford — a 15% difference. Home values follow the same pattern: New Rockford is more affordable at $101,400 median vs $185,700.
Median household income in Lisbon is $61,953 compared to $47,969 in New Rockford (+29.2%). While Lisbon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lisbon spend roughly 13% of their income on rent, less than the 14.6% in New Rockford.
Climate-wise, both cities share similar average temperatures (42.2°F vs 40.2°F). Lisbon receives more rainfall at 24" per year compared to 20" in New Rockford.
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Climate
NOAA 30-year normals (1991-2020)