Williston, West Fargo, Dickinson: These cities aren’t just some of the best places to live in North Dakota. They are also home to some of the richest people in the Peace Garden State.
Williston in particular houses the richest residents in the state thanks, in part, to a median household income of $83,750 and a ridiculously low poverty rate of 7.1%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in North Dakota share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
After analyzing Census data from the 2010-2014 American Community Survey for the 13 places in North Dakota with more than 5,000 people, we were left with this set of the ten richest places in the Peace Garden State:
- West Fargo
- Minot Afb
- Valley City
- Devils Lake
For more on how we calculated the top ten, read on or skip to the end for the full list. Oh, and the poorest place in North Dakota? That would be Grand Forks.
How We Determined The Richest Places In North Dakota
The first thing that comes to most people’s minds when they think about determining the richest places is simply how much people earn. After all, rich people have really high salaries.
However, we don’t think that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the 2010-2014 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 13 places with more than 5,000 people in North Dakota, we ranked each place from 1 to 13 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Williston, crowned the “Richest Place In North Dakota”.
You can learn more about the top ten below or skip to the end to see the rankings for all 13 places.
Population: 19,849Median Income: 8375000.0%
Poverty Level: 7.1%
Unemployment Rate: 1.1%
2. West Fargo
Population: 28,371Median Income: 6910400.0%
Poverty Level: 6.9%
Unemployment Rate: 1.7%
Population: 19,920Median Income: 6995600.0%
Poverty Level: 7.2%
Unemployment Rate: 2.9%
Population: 65,123Median Income: 5766000.0%
Poverty Level: 8.8%
Unemployment Rate: 2.4%
5. Minot Afb
Population: 5,813Median Income: 4085500.0%
Poverty Level: 5.7%
Unemployment Rate: 2.1%
6. Valley City
Population: 6,636Median Income: 5000000.0%
Poverty Level: 9.2%
Unemployment Rate: 1.8%
Population: 44,533Median Income: 5724800.0%
Poverty Level: 9.2%
Unemployment Rate: 2.7%
Population: 19,381Median Income: 5536800.0%
Poverty Level: 9.0%
Unemployment Rate: 3.6%
Population: 15,407Median Income: 4798500.0%
Poverty Level: 10.1%
Unemployment Rate: 3.2%
10. Devils Lake
Population: 7,218Median Income: 3900200.0%
Poverty Level: 11.8%
Unemployment Rate: 2.3%
There You Have It – The Richest Places In North Dakota
Like we said earlier, when we set out to identify the richest places in North Dakota, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in North Dakota. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in ND, according to data:
Poorest: Grand Forks
2nd Poorest: Fargo
3rd Poorest: Wahpeton
For more North Dakota reading , check out:
- These Are The 10 Most Dangerous Cities In North Dakota
- These Are The 10 Most Redneck Cities In North Dakota
- These Are The 10 Drunkest Cities In North Dakota
Detailed List Of Richest Places In North Dakota