Cost of Living in Benedict, ND
Population: 227 | North Dakota
Benedict is 8% less expensive than the national average.
Cost of Living in Benedict, ND: What You Need to Know
With a cost of living index of 92, Benedict, ND is slightly more affordable than average. Living here is 8% cheaper than the national average and 17% above the North Dakota state average of 74. Benedict is a small community of 227 residents.
The median household income in Benedict is $59,155, which is 21% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Everyday prices in the Minot, ND (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.
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.
Income
- Median Household Income
- $59,155
- vs US Median ($75,149)
- -21%
Housing
- Median Home Value
- $250,700
- Median Monthly Housing Cost
- $1,145/mo
Everyday Prices in Benedict
BLS Average Prices for the Minot, ND (Metropolitan Statistical Area) area