Stanley, ND vs Steele, ND
There is a significant gap in the cost of living between these two cities. Steele is 24.7% cheaper than Stanley. With a cost index of 68 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Steele to Stanley should plan for substantially higher expenses across most categories.
On the housing front, median rent in Stanley is $1,120/month compared to $786/month in Steele — a 43% difference. Home values follow the same pattern: Steele is more affordable at $160,300 median vs $241,300.
Median household income in Stanley is $105,893 compared to $63,000 in Steele (+68.1%). 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 Stanley spend roughly 12.7% of their income on rent, less than the 15% in Steele.
Climate-wise, both cities share similar average temperatures (37.9°F vs 40.3°F). Steele receives more rainfall at 20.9" per year compared to 15.7" in Stanley.
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Climate
NOAA 30-year normals (1991-2020)