Cost of Living in Washburn, ND

With a cost of living index of 74, Washburn, ND is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and in line with the North Dakota state average. Washburn is a small community of 1,434 residents.

Housing costs are the biggest factor in Washburn's cost of living. The median monthly rent is $804 (39% below the US median of $1,319), and the median home value sits at $226,200 (26% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Washburn is $75,729, which is 1% higher than the national median of $75,149. Residents spend roughly 13% 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 Washburn. 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.