Cost of Living in Devils Lake, ND

With a cost of living index of 66, Devils Lake, ND is one of the most affordable cities in the country. Living here is 34% cheaper than the national average and 9% below the North Dakota state average of 74. Devils Lake is a smaller community of 7,170 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Devils Lake's cost of living. The median monthly rent is $678 (49% below the US median of $1,319), and the median home value sits at $171,000 (44% below the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Devils Lake is $42,755, which is 43% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Devils Lake. The area sees an average annual temperature of 40.2°F, with summers averaging 67°F and winters around 11°F. Annual rainfall totals 20 inches spread over roughly 98 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.