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North Dakota Yearly Expenses
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Multi-State
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US-175-AZ
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How to fill out Yearly Expenses?
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FAQ
According to the latest statistics, the average yearly expenses of a US consumer in 2020 are $61,334. This averages to $5,111 per month. This represents a 2.7 percent fall from 2019, during which average consumer spending in the US was $63,036 the first decrease in years.
The main idea is to limit your living expenses to roughly 50% of your income. That way, you'll have enough leftover for your savings and fun expenditures.
Living in North Dakota is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 9.4% less than they do on average nationwide. Compared with all other states, North Dakota has the 16th lowest overall cost of living.
#1 Grafton Grafton is North Dakota's cheapest city to live in.
Finding a place to live that has the amenities, safety, and resources you need while also being affordable can be a daunting and difficult task. Fortunately, North Dakota is actually considered one of the best places to live when it comes to cheap yet great cities and towns.
Best Places to Live in North DakotaGrand Forks.Dickinson.Minot.West Fargo.Williston.Mandan.Valley City.Jamestown. Known largely for its World's Largest Buffalo monument that stands 26 feet tall, Jamestown has a diverse economy that is strong in agriculture, food processing, manufacturing and retail.More items...?
$268,918. The typical home value of homes in North Dakota is $268,918. This value is seasonally adjusted and only includes the middle price tier of homes. North Dakota home values have gone up 9.4% over the past year.
Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider's homepage for more stories.
Average living expenses for a single person The average monthly living expenses for a single person in the USA are $3,189, which is $38,266 per year. The average cost for a family of four is $7,095 per month, which is $85,139 per year.
Average monthly expenses per household: $5,111. The average expenses per month for one consumer unit in 2020 was $5,111. That means the average spending per year is $61,334.
