Key Economic Benchmarks
Median Household Income
$63,627$5,302 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Grand Forks, ND
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Grand Forks, ND
Official FY2026 HUD Fair Market Rents for Grand Forks, ND-MN MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $863 | $10,356 | $34,520 | 16.3% |
| 1-Bedroom Apartment | $868 | $10,416 | $34,720 | 16.4% |
| 2-Bedroom ApartmentBenchmark | $1,089 | $13,068 | $43,560 | 20.5% |
| 3-Bedroom Home | $1,515 | $18,180 | $60,600 | 28.6% |
| 4-Bedroom Home | $1,827 | $21,924 | $73,080 | 34.5% |
50/30/20 Living Budget in Grand Forks, ND
Based on the local median household income of $63,627/year ($5,302/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in North Dakota
Explore net income after federal income tax, FICA, and North Dakota state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across North Dakota with official federal datasets:
Frequently Asked Questions About Living in Grand Forks, ND
What is the median household income in Grand Forks, ND?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Grand Forks, ND is $63,627 per year (approximately $5,302 per month).
What is the average rent in Grand Forks, ND?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Grand Forks, ND are $863 for a studio, $868 for 1 bedroom, $1,089 for 2 bedrooms, $1,515 for 3 bedrooms, and $1,827 for 4 bedrooms.
How does the cost of living in Grand Forks, ND compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Grand Forks, ND is 86.7 (13.3% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Grand Forks, ND?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,089/month) in Grand Forks, ND requires a minimum gross household income of $43,560 per year ($3,630 per month).
What is a balanced 50/30/20 monthly budget in Grand Forks, ND?
For a typical household earning the median income of $63,627/year ($5,302/month) in Grand Forks, ND, a balanced 50/30/20 budget allocates $2,651/month to essential needs (rent, utilities, groceries), $1,591/month to discretionary spending, and $1,060/month to savings and debt repayment.
What are typical electricity and utility costs in Grand Forks, ND?
Residential electricity rates in North Dakota average 14.1¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $127 per month.