Cost of Living in New Town, ND

With a cost of living index of 72, New Town, ND is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and in line with the North Dakota state average. New Town is a small community of 2,725 residents.

Housing costs are the biggest factor in New Town's cost of living. The median monthly rent is $819 (38% below the US median of $1,319), and the median home value sits at $199,700 (35% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in New Town is $50,707, which is 33% 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 New Town. The area sees an average annual temperature of 40.9°F, with summers averaging 66°F and winters around 14°F. Annual rainfall totals 17.8 inches spread over roughly 102 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.