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Cost of Living in Oliver County

Is it better to rent or buy in Oliver 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.

$77,240
$756/mo

Median in area: $756

$215,700

Median in area: $215,700

$43,140

If you Rent

🔑
$1,077 /mo
Base Rent$756
Est. Utilities$321
% of Income16.7%
Pre-tax Residual$5,360

If you Buy

🏠
$1,714 /mo
P&I (7.31%)$1,184
Taxes & Ins$209
Est. Utilities$321
% of Income26.6%
Pre-tax Residual$4,722

Compare Nearby Areas

See how Oliver County stacks up against neighboring areas.

countyBurleigh County, ND
$1,143/mo
countyMcLean County, ND
$738/mo
countyMorton County, ND
$1,004/mo
countyMercer County, ND
$1,110/mo

Cost of Living FAQs

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

Based on median housing data, renting is currently more affordable on a monthly basis in Oliver County. The estimated all-in monthly cost for renting is $1,077, while owning a median-priced home with a 20% down payment is roughly $1,714 per month (a difference of $637).

How much do utilities cost in Oliver County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Oliver County is approximately $321. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Oliver County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $43,080 per year.