Cost of Living in Alexander, ND

With a cost of living index of 101, Alexander, ND is right around the national average in cost. Living here is 1% more expensive than the national average and 27% above the North Dakota state average of 74. Alexander is a small community of 268 residents.

Housing costs are the biggest factor in Alexander's cost of living. The median monthly rent is $1,396 (6% above the US median of $1,319), and the median home value sits at $340,300 (12% above the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Alexander is $135,179, which is 80% higher than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.