Cost of Living in Finley, ND

With a cost of living index of 56, Finley, ND is one of the most affordable cities in the country. Living here is 44% cheaper than the national average and 18% below the North Dakota state average of 74. Finley is a small community of 322 residents.

Housing costs are the biggest factor in Finley's cost of living. The median monthly rent is $642 (51% below the US median of $1,319), and the median home value sits at $73,100 (76% below the national median of $304,900). At current prices, the median home costs roughly 1x the median household income — well within traditional affordability guidelines.

The median household income in Finley is $74,583, which is 1% lower than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Finley. The area sees an average annual temperature of 39.8°F, with summers averaging 67°F and winters around 10°F. Annual rainfall totals 21.7 inches spread over roughly 105 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.