Parshall, ND vs Stanley, ND

There is a significant gap in the cost of living between these two cities. Parshall is 26.2% cheaper than Stanley. With a cost index of 63 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Parshall to Stanley should plan for substantially higher expenses across most categories.

On the housing front, median rent in Parshall is $711/month compared to $1,120/month in Stanley — a 37% difference. Home values follow the same pattern: Parshall is more affordable at $121,700 median vs $241,300.

Median household income in Parshall is $42,500 compared to $105,893 in Stanley (-59.9%). While Stanley is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Parshall spend roughly 20.1% of their income on rent, more than the 12.7% in Stanley.

Climate-wise, Parshall is notably warmer with an average of 40.9°F compared to 37.9°F in Stanley. Parshall receives more rainfall at 17.8" per year compared to 15.7" in Stanley.