Cost of Living & Housing in Underwood
Underwood's cost of living combines North Dakota's statewide light-income-tax advantage with a real, disclosed, above-average property-tax rate and a genuinely unresolved housing-value discrepancy.
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Learn moreA property tax rate cited as McLean County's highest
Underwood's own effective property tax rate ran 1.32% -- cited as the highest median rate of any McLean County city, above both North Dakota's statewide average (~0.99%) and the national median (~1.02%). No Underwood-specific dollar tax-bill figure was isolated this pass; McLean County's own median bill ran $1,905 (base record).
A real, disclosed housing-value discrepancy
A 2024 assessment-based figure (Data USA) cited $191,200 for Underwood, while a separately cited figure (Xome) put the typical value at $147,700. A separately cited $50,000 Redfin recent-sale figure is disclosed as a likely unreliable small-sample artifact (base record).
North Dakota's lightest-in-the-nation income tax
North Dakota's 2026 individual income tax is a three-bracket graduated structure (0%, 1.95%, 2.50% top marginal) multiple sources describe as the lowest top marginal rate of any US state with an income tax at all (base record).
Genuinely favorable statewide homeowners insurance
No Underwood-specific premium figure was found this pass; North Dakota's own statewide range ran approximately $1,300-$2,400/year (base record).
Key takeaways
- Underwood's own 1.32% effective property tax rate is cited as the highest of any McLean County city.
- Housing-value citations for Underwood run genuinely inconsistent ($147,700 to $191,200) -- confirm current figures directly.
- North Dakota's three-bracket income tax structure applies here as it does statewide.
- North Dakota carries genuinely favorable statewide homeowners-insurance costs; no Underwood-specific figure was found this pass.
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