In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
A general summary of the cost of living index in Grafton, ND is shown above. Compared to the state average of North Dakota the cost of living index in Grafton, ND is 84, which is 13% lower than the average in North Dakota and compared to the national average it is 16% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Grafton, ND goods and services come in at 2% lower than the average in North Dakota and are equal to compared to the nationwide average.
Find Real Estate Listings In Grafton
New Real Estate Listings In Grafton
Did you know?
The cost of living in Grafton is 13% lower than the North Dakota average.
The cost of living in Grafton is 16% lower than the national average.
The cost of housing in Grafton is 52% lower than the national average.
North Dakota general sales tax is 2% lower than the national average.
North Dakota state income tax is 51% lower than the national average.
Compare Grafton, ND Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Use the salary calculator to compare your current salary in Grafton, ND to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Grafton, ND, then you would need to earn more income in order to maintain the same standard of living. To use the Grafton, ND salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Grafton, ND as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Grafton, ND homeowners, is $67,813. This would allow for a maximum of $1,582 per month to be spent on housing costs. For renters, the median monthly income is $23,698 which would result in a maximum of $553 to be spent on rental costs.
North Dakota Sales Tax
General Sales Tax
With Max Surtax
North Dakota Income Tax
Income Tax (Low)
Income Tax (High)
When considering the overall cost of living expenses in Grafton, ND, it's important to take into account the sales tax for North Dakota, as well as the rate for income tax in North Dakota. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for North Dakota is 8%, and the sales tax in the state of North Dakota is 5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in North Dakota starts from 1.1% and goes up to 2.9%.
Goods & Services
Avg. Mortgage Payment
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.