Cost of Living in Lankin, ND
Population: 113 | North Dakota
Lankin is 23% less expensive than the national average.
Cost of Living in Lankin, ND: What You Need to Know
With a cost of living index of 77, Lankin, ND is a very affordable place to live. Living here is 23% cheaper than the national average and 3% above the North Dakota state average of 74. Lankin is a small community of 113 residents.
The median household income in Lankin is $63,438, which is 16% lower than the national median of $75,149. 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 Lankin. 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.
Income
- Median Household Income
- $63,438
- vs US Median ($75,149)
- -16%
Housing
- Median Home Value
- $71,000
- Median Monthly Housing Cost
- $535/mo
Climate in Lankin
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 16 | 21 | 34 | 52 | 67 | 76 | 81 | 80 | 70 | 54 | 36 | 21 |
| Avg °F | 6 | 11 | 24 | 41 | 54 | 65 | 69 | 67 | 58 | 43 | 27 | 13 |
| Low °F | -3 | 1 | 15 | 29 | 41 | 53 | 57 | 54 | 45 | 33 | 18 | 4 |
| Rain" | 0.5 | 0.5 | 0.9 | 1.2 | 2.8 | 3.8 | 3.5 | 2.8 | 2.3 | 1.9 | 0.9 | 0.7 |