Moving to North Dakota in 2024? Complete Moving Guide

Are you thinking of moving to North Dakota?  

Moving can bring so many changes in someone’s life. To adapt to those changes you should be prepared and this moving guide can be your resource. You can explore every detail about the state here. North Dakota is often known as the state with a big heart and vast open spaces. If you plan to move here, you will get a lower cost of living with lower prices on housing and utilities. The winters can be harsh but summers are generally mild and warm with cool nights. The state's economy relies on the energy sector and the job market can fluctuate according to the industries. However, various sectors are flourishing with employment opportunities. The residents of North Dakota are friendly and the state has a strong sense of community. The state offers a slower pace of life. There is more that you can learn about North Dakota before moving there.

• North Dakota Demographics
• Quick Facts of North Dakota
• Top reasons to move to North Dakota
• Pros & Cons of Living in North Dakota
• Best Places to Live in North Dakota
• Best Neighborhoods in the North Dakota
• Cost of living in North Dakota
• Major industries in North Dakota
• Top Career Options in North Dakota
• Best things to do in North Dakota
• Education System in North Dakota
• Type of insurance required in North Dakota
• Taxes in North Dakota

There is population diversity in the state with younger population. A large ratio of the population of North Dakota is living in rural areas and small towns.

Male vs Female Population of North Dakota 

Population distribution by Ethnicity in North Dakota

Here is a list of the best places to live in North Dakota with their population, median home value, and unemployment rate.

Cost of Living by Categories in North Dakota vs USA 

Median House Price in North Dakota vs USA

Median Rent Price in North Dakota vs USA

Housing Market in North Dakota

The housing market in North Dakota is experiencing significant growth along with some challenges. The median home value is increasing however there is a limited supply of homes.

Average Rental Cost in North Dakota

In North Dakota, the average rental cost is lower than the national average. The rental prices are higher in cities like Fargo and Bismarck. The rental prices can vary for different property types and the availability of the amenities in the building.

Median Home Value in North Dakota

There has been a significant increase in the median home values in recent years in North Dakota. The median home value depends on multiple factors including the location of the property, type of property, and school districts.

How is the job market in North Dakota? 

The job market in North Dakota is strong as there is a healthy demand for skilled professionals across various industries. The state boasts the lowest unemployment rate in the US. Before moving to North Dakota, it is better to learn about different aspects of the job market.

Median Income in North Dakota vs USA 

Unemployment Rate in North Dakota vs USA

Biggest Companies in North Dakota by city and number of employees

North Dakota is home to several companies adding value to the economy. If you are looking for an established company, then this table will be helpful-

Auto Insurance- North Dakota law has mandated auto insurance for all the registered vehicles in the state. Here is the breakdown of the minimum coverage-

Bodily injury liability: $25,000 per person/$50,000 per accident  

Property damage liability: $25,000 per accident

Uninsured/Underinsured motorist bodily injury: $25,000 per person/$50,000 per accident  

Personal injury protection (no-fault): $30,000 per person

Commercial Auto Insurance- Businesses that own vehicles must comply with the same auto insurance requirements as individuals.

Workers’ Compensation- All the employers in the state who have at least one employee must have workers’ compensation insurance.

Health Insurance- This insurance policy covers medical expenses.

Life Insurance- This insurance policy provides financial support to the beneficiaries in the event of death.

Business Insurance- Protects your business with business insurance as it will cover property damage, liability claims, and business interruption.

Homeowners or Renters Insurance- This insurance will protect your property and belongings from damage, theft, or covered events.

Individual Income Tax- The state has a graduated income tax system which means the tax rates increase with the increase in income. The income tax rates range between 1.95% to 2.5%.

Corporate Income Tax- The corporate income tax is also graduated income tax and the tax rates depends on the taxable income.  

Sales Tax- In North Dakota, there is a 5% sales tax imposed on most retail sales. There are additional sales taxes applied in different cities and counties.

Property Tax- Property taxes in North Dakota are levied by the local authorities. The rates of tax vary for counties and municipalities.

Excise Taxes- In North Dakota, taxes are imposed on goods and services like gasoline and cigarettes.

Disclaimer: The information provided in this guide is for informational purposes only and should not be construed as legal, financial, or professional advice. It is recommended to conduct thorough research and consult relevant experts before making any decisions related to relocation.