Housing costs in Homer?
A typical home costs
$380,400, which is 12.5% more expensive than the national average of
$338,100 and 58.0% more expensive than the average North Dakota home, at
$240,700. Renting a two-bedroom unit in Homer costs
$490 per month, which is 65.7% more than the national average of
$1,430 and 87.8% cheaper than the state average of
$920.
Can I afford Homer?
To live comfortably in Homer, North Dakota, a minimum annual income of
$72,720 for a family, and
$14,400 for a single person is recommended.
What does A.I. say about Homer?
The cost of living in Homer, ND is quite affordable. The overall cost of living index for the city is 78, which is 22 percent lower than the U.S. average. Housing costs are among some of the lowest in the state, with the median home price being only $82,000 — a fraction of what you'd pay for a similar property in other parts of North Dakota and across the country. Groceries here are also very affordable, with prices running well below national averages. While some items may be more expensive due to their limited availability due to Homer's small size, overall you will find that your dollar goes much further here than almost anywhere else in the country!