Cost of Living in Lincoln, ND

Population 4,309 · North Dakota · Data vintage 2023

88
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Incomes in Lincoln punch well above what you'd expect from a town of 4,309. The reason is straightforward: extraction-sector wages. Median household earnings of $83,387 pair with home values that remain well below the national median. The labor market has been unusually tight, with unemployment around 1.8% — below most comparable cities in the state.

Located 185 miles west of Fargo, Lincoln is far enough out that local conditions diverge meaningfully from the big-metro baseline. Housing prices track closely with Fargo's $270,000 median.

Cost Overview

Housing 85
Rent 93

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Lincoln

The median home value in Lincoln is $259,400 — 15% below the national median of $305,000. Median rent runs $1,222/month, 7% lower than the national median of $1,314/month. The median household income of $83,387/year is 12% higher than the US median of $74,580. The local unemployment rate is 1.8%, below the national average of 4.8%. North Dakota's top state income tax rate is 2.5% and the combined sales tax is 6.9%. The climate averages highs of 55.1°F and lows of 31.1°F, with about 50.5" of annual snowfall. Overall, Lincoln has a cost of living index of 88 versus the US average of 100, meaning it is 12% less expensive.

🏠 Housing

Median Home Value
$259,400
15% below avg
Zillow Home Value
$98,650
Zillow ZHVI
Median Rent
$1,222/mo
7% below avg
Price-to-Rent Ratio
17.7x
Favors buying
Property Tax Rate
1.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$754
1 BR
$761
2 BR
$928
3 BR
$1,300
4 BR
$1,558
Owner-occupied 92.2%
Renter-occupied 7.8%

💰 Estimated Monthly Budget

Rent median rent
$1,222
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,836/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
22.7 min
16% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.0%

Commute Mode

Drove alone
86.7%
Carpooled
8.3%
Public transit
0.4%
Work from home
4.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 2.5%
Total Sales Tax 6.9%
State rate 5.0%
Avg local rate 1.9%
Property Tax 1.1%

💼 Income & Employment

Median Household Income
$83,387
12% above avg
Per Capita Income
$34,483
Unemployment Rate
1.8%
62% below avg
Poverty Rate
6.4%
Labor Force Participation
83.5%

🎓 Education

Bachelor's degree+ 12.1%
Graduate degree 6.2%

👥 Demographics

Median Age 30.5
Male median age 32.6
Female median age 27.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
55.1°F
Avg Low
31.1°F
Annual Precip
19.1"
Annual Snowfall
50.5"
23° 45° 68° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 232841566878858473574128
Low °F 271930425358564633198
Precip" 0.480.520.841.342.503.363.072.501.721.430.690.60
Snow" 8.97.58.54.60.40.00.00.00.02.58.010.1

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
61.6%
Good air days/yr
272
Max AQI recorded
221
PM2.5 days
134
Ozone days

Frequently Asked Questions

What is the cost of living in Lincoln, ND?

Lincoln has a cost index of 88 (100 = national average). It is 12% below the national average.

What is average rent in Lincoln, ND?

The median gross rent in Lincoln is $1,222 per month based on 2023 Census data.

What is the average home price in Lincoln?

The median home value in Lincoln is $259,400 according to Zillow and Census data.

What is the median income in Lincoln?

The median household income in Lincoln is $83,387 per year (2023 ACS 5-year estimates).

What is the sales tax in Lincoln, ND?

The combined state and local sales tax rate in Lincoln is 6.9%. The North Dakota state income tax top rate is 2.5%.

Is Lincoln, ND affordable?

Yes, Lincoln is generally considered affordable, with a cost of living index of 88 — about 12% below the US national average of 100.

What is the weather like in Lincoln?

Lincoln has average high temperatures of 55.1°F and average lows of 31.1°F. Annual precipitation is 19.1". Average annual snowfall is 50.5". Data from NOAA 1991–2020 Climate Normals.

Lincoln at a Glance

Population
4,309
Median Income
$83,387
Home Value
$259,400
Median Rent
$1,222/mo
Unemployment
1.8%
Avg High Temp
55.1°F
Sales Tax
6.9%
View all cities in North Dakota →
🗺️ County data for North Dakota

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs