Cost of Living in Oakes
Oakes's cost of living runs genuinely low, driven primarily by dramatically affordable housing and a favorable statewide tax structure.
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Learn moreHousing runs dramatically below national and state averages
Oakes's estimated median home value of approximately $170,053 runs well below both the national (~$408,776) and North Dakota statewide (~$290,642) comparison figures (base record).
Oakes's own property tax runs below the national average
Oakes's own 1.00% effective property tax rate runs below the ~1.02% national comparison figure -- though this record discloses a real, unresolved tension against that same source's own cited (and higher) ND statewide median (base record).
North Dakota's real, nationally-lowest top income tax rate
North Dakota's 3-bracket graduated income tax tops out at a real 2.50% marginal rate -- the lowest top rate of any US state that levies an income tax at all -- applying in Oakes as statewide (base record).
Rent runs genuinely modest
A 2024-vintage estimate cited Oakes's median gross rent at approximately $865/month -- though this record discloses that figure as comparatively dated rather than from a live listing feed (base record).
Key takeaways
- Oakes's housing runs dramatically affordable relative to both national and North Dakota statewide averages.
- Oakes's own 1.00% property tax rate runs below the national average.
- North Dakota's 2.50% top marginal income tax rate is the lowest of any state with an income tax at all.
- Rent runs genuinely modest, though sourced from a comparatively dated estimate.
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