Key Economic Benchmarks
Median Household Income
$77,240$6,437 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Oliver County, ND
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Oliver County, ND
Official FY2026 HUD Fair Market Rents for Bismarck, ND 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 | $961 | $11,532 | $38,440 | 14.9% |
| 1-Bedroom Apartment | $1,030 | $12,360 | $41,200 | 16% |
| 2-Bedroom ApartmentBenchmark | $1,175 | $14,100 | $47,000 | 18.3% |
| 3-Bedroom Home | $1,634 | $19,608 | $65,360 | 25.4% |
| 4-Bedroom Home | $1,884 | $22,608 | $75,360 | 29.3% |
50/30/20 Living Budget in Oliver County, ND
Based on the local median household income of $77,240/year ($6,437/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 Oliver County, ND
What is the median household income in Oliver County, ND?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Oliver County, ND is $77,240 per year (approximately $6,437 per month).
What is the average rent in Oliver County, ND?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Oliver County, ND are $961 for a studio, $1,030 for 1 bedroom, $1,175 for 2 bedrooms, $1,634 for 3 bedrooms, and $1,884 for 4 bedrooms.
How does the cost of living in Oliver County, ND compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Oliver County, ND is 91.0 (9% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Oliver County, ND?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,175/month) in Oliver County, ND requires a minimum gross household income of $47,000 per year ($3,917 per month).
What is a balanced 50/30/20 monthly budget in Oliver County, ND?
For a typical household earning the median income of $77,240/year ($6,437/month) in Oliver County, ND, a balanced 50/30/20 budget allocates $3,218/month to essential needs (rent, utilities, groceries), $1,931/month to discretionary spending, and $1,287/month to savings and debt repayment.
What are typical electricity and utility costs in Oliver County, 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.