Cost of Living in Drake, ND
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
70.8
100 = national avg
-29.2 vs national average
Living Wage (1 Adult)
$31,159
per year
Living Wage (Family of 4)
$73,648
per year
Cost Index by Category
Housing59.6
Food85.8
Transportation60.8
Healthcare88.7
Utilities83.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$839
per month
2 Bedroom
$1,000
per month
The overall cost of living index in Drake is 70.8, which is 29.2% below the national average. Housing costs are below the national average at an index of 59.6. A single adult needs to earn approximately $31,159 per year to cover basic expenses.