Cost of Living in Grafton, ND

With a cost of living index of 65, Grafton, ND is one of the most affordable cities in the country. Living here is 35% cheaper than the national average and 9% below the North Dakota state average of 74. Grafton is a small community of 4,128 residents.

Housing costs are the biggest factor in Grafton's cost of living. The median monthly rent is $715 (46% below the US median of $1,319), and the median home value sits at $153,800 (50% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Grafton is $60,184, which is 20% lower than the national median of $75,149. Residents spend roughly 14% 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 Grafton. 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.