Cost of Living in Rhame, ND

With a cost of living index of 104, Rhame, ND is somewhat more expensive than average. Living here is 4% more expensive than the national average and 30% above the North Dakota state average of 74. Rhame is a small community of 213 residents.

Housing costs are the biggest factor in Rhame's cost of living. The median monthly rent is $2,083 (58% above the US median of $1,319), and the median home value sits at $121,900 (60% below the national median of $304,900). At current prices, the median home costs roughly 1.3x the median household income — well within traditional affordability guidelines.

The median household income in Rhame is $93,750, which is 25% higher than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Climate is another factor for anyone considering a move to Rhame. The area sees an average annual temperature of 43.5°F, with summers averaging 68°F and winters around 20°F. Annual rainfall totals 14.6 inches spread over roughly 88 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.