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Cost of Living in Eddy County

Is it better to rent or buy in Eddy County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$50,850
$590/mo

Median in area: $590

$124,000

Median in area: $124,000

$24,800

If you Rent

🔑
$819 /mo
Base Rent$590
Est. Utilities$229
% of Income19.3%
Pre-tax Residual$3,419

If you Buy

🏠
$1,086 /mo
P&I (7.222%)$675
Taxes & Ins$182
Est. Utilities$229
% of Income25.6%
Pre-tax Residual$3,152

Compare Nearby Areas

See how Eddy County stacks up against neighboring areas.

countyGriggs County, ND
$573/mo
countyNelson County, ND
$582/mo
countyWells County, ND
$643/mo
countyFoster County, ND
$780/mo
countyBenson County, ND
$598/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Eddy County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Eddy County. The estimated all-in monthly cost for renting is $819, while owning a median-priced home with a 20% down payment is roughly $1,086 per month (a difference of $267).

How much do utilities cost in Eddy County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Eddy County is approximately $229. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Eddy County?›

To comfortably afford the median rent and utilities in Eddy County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $32,760 per year.