Cost Of Living in Fairmount, ND

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Fairmount	North Dakota	National
Cost of living	83	94	100
Goods & Services	109	96	100
Groceries	97	93	100
Health care	124	111	100
Housing	33	85	100
Transportation	99	100	100
Utilities	93	99	100

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Cost Of Living Quick Facts

The cost of living in Fairmount is 12% lower than the North Dakota average
The cost of living in Fairmount is 17% lower than the national average
Fairmount housing is 67% lower than the national average
North Dakota general sales tax is 2% lower than the national average
North Dakota state income tax is 58% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$50,536	$4,211	$1,179	$1,516
Renters	$0	$0	$0	$0

North Dakota Sales Tax

State	General Sales Tax	With Max Surtax
North Dakota	5%	8%

North Dakota Income Tax

State	Income Tax (Low)	Income Tax (High)
North Dakota	1.1%	2.9%

Goods & Services

Item	Fairmount	National avg.	Difference
Haircut	$27.97	$24.26	15.3%
Beauty Salon	$37.17	$45.56	18.4%
Toothpaste	$3.62	$3.70	2.2%
Shampoo	$1.52	$1.28	18.6%
Movie	$11.24	$12.13	7.4%
Bowling	$26.39	$18.00	46.6%

Groceries

Item	Fairmount	National avg.	Difference
Ground Beef	$5.75	$5.84	1.5%
Fried Chicken	$1.35	$1.57	13.9%
Milk	$4.58	$4.67	2.0%
Potatoes	$4.86	$4.93	1.4%
Pizza	$13.07	$12.09	8.2%
Beer	$9.52	$10.41	8.5%

Health Care

Item	Fairmount	National avg.	Difference
Optometrist	$109.94	$125.68	12.5%
Doctor	$162.98	$135.78	20.0%
Dentist	$96.90	$113.29	14.5%
Ibuprofen	$10.88	$10.65	2.1%
Lipitor	$492.95	$468.60	5.2%

Housing

Item	Fairmount	National avg.	Difference
Home Price	$61,700.00	$184,700.00	66.6%
Avg. Mortgage Payment	$1,954.72	$2,346.69	16.7%
Apartment Rent	$306.00	$949.00	67.8%

Transportation

Item	Fairmount	National avg.	Difference
Gasoline	$3.31	$3.46	4.3%
Tire Balancing	$61.97	$59.92	3.4%

Utilities

Item	Fairmount	National avg.	Difference
All Electricity	$175.69	$193.99	9.4%
Phone	$188.55	$192.25	1.9%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
White Rock, SD	10	104	4.0%
Tintah, MN	57	74	25.5%
New Effington, SD	231	82	18.0%
Great Bend, ND	55	77	22.9%
Doran, MN	14	83	16.8%
Fairmount, ND	320	83	17.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Sand City, CA	320	137	37.1%
Limestone, FL	320	100	0.1%
Epworth, GA	320	93	7.2%
Silver City, IA	320	85	14.8%
Ewing, IL	320	85	15.3%
Fairmount, ND	320	83	17.3%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Fairmount, ND