Richest Cities In North Dakota For 2020


We analyzed 25 places in North Dakota to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in North Dakota.

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Horace, Beulah, Lincoln: 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.

Horace in particular houses the richest residents in the state thanks, in part, to a median household income of $131,354 and a ridiculously low poverty rate of 1.5060240963855422%.

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.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2014-2018 American Community Survey for the 26 places in North Dakota with more than 2,000 people.

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in North Dakota.

Rich people not your cup of tea? Feel free to check out some more reading about North Dakota:

The 10 Richest Cities In North Dakota For 2020

Horace, ND

Overall SnackAbility

6
/10

Population: 2,660
Rank Last Year: 1 (No Change)
Median Income: $131,354
Unemployment Rate: 0.6%
Poverty Rate: 1.5%
More on Horace: Real Estate | Data | Photos

Beulah, ND

Overall SnackAbility

9
/10

Population: 3,296
Rank Last Year: 2 (No Change)
Median Income: $92,917
Unemployment Rate: 0.2%
Poverty Rate: 5.6%
More on Beulah: Real Estate | Data | Photos

Lincoln, ND

Overall SnackAbility

6
/10

Population: 3,594
Rank Last Year: 7 (Up 4)
Median Income: $78,445
Unemployment Rate: 0.9%
Poverty Rate: 0.1%
More on Lincoln: Real Estate | Data | Photos

Casselton, ND

Overall SnackAbility

6
/10

Population: 2,508
Rank Last Year: 6 (Up 2)
Median Income: $76,250
Unemployment Rate: 1.6%
Poverty Rate: 4.1%
More on Casselton: Real Estate | Data | Photos

Hazen, ND

Overall SnackAbility

9
/10

Population: 2,610
Rank Last Year: 3 (Down 2)
Median Income: $86,838
Unemployment Rate: 1.0%
Poverty Rate: 7.7%
More on Hazen: Real Estate | Data | Photos

West Fargo, ND

Overall SnackAbility

9
/10

Population: 34,419
Rank Last Year: 4 (Down 2)
Median Income: $81,051
Unemployment Rate: 1.5%
Poverty Rate: 7.4%
More on West Fargo: Real Estate | Data | Photos

West Fargo is a city in Cass County, North Dakota, United States. It is, as of the 2016 Census Estimates, the fifth largest city in the state of North Dakota with a population estimated at 34,858, and it is one of the state's fastest growing cities. West Fargo was founded in 1926. The city is part of the Fargo-Moorhead, ND-MN Metropolitan Statistical Area.

Williston, ND

Overall SnackAbility

8
/10

Population: 26,102
Rank Last Year: 9 (Up 2)
Median Income: $85,426
Unemployment Rate: 2.7%
Poverty Rate: 7.0%
More on Williston: Real Estate | Data | Photos

Williston is a city in and the county seat of Williams County, North Dakota, United States. The 2010 census gave its population as 14,716, and the Census Bureau gave the 2015 estimated population as 26,977, making Williston the sixth largest city in North Dakota. The North Dakota oil boom is largely responsible for the sharp increase in population.

Carrington, ND

Overall SnackAbility

5
/10

Population: 2,020
Rank Last Year: -
Median Income: $59,659
Unemployment Rate: 0.5%
Poverty Rate: 7.1%
More on Carrington: Real Estate | Data | Photos

Carrington is a city in Foster County, North Dakota, United States. It is the county seat of Foster County. The population was 2,065 at the 2010 census. Carrington was founded in 1883.

Carrington is home to Dakota Growers Pasta Company, Inc.

Lisbon, ND

Overall SnackAbility

5
/10

Population: 2,052
Rank Last Year: 5 (Down 4)
Median Income: $57,574
Unemployment Rate: 0.6%
Poverty Rate: 6.1%
More on Lisbon: Real Estate | Data | Photos

Watford City, ND

Overall SnackAbility

8
/10

Population: 6,197
Rank Last Year: 8 (Down 2)
Median Income: $79,844
Unemployment Rate: 2.2%
Poverty Rate: 11.1%
More on Watford City: Real Estate | Data | Photos

How We Determined The Richest Places In North Dakota For 2020

Map Of The Richest Places To Live In North Dakota
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don't believe 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 newly released 2014-2018 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 26 places with more than 2,000 people in North Dakota, we ranked each place from 1 to 26 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, Horace, crowned the "Richest City In North Dakota For 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 26 places.

There You Have It - The Wealthiest Places In North Dakota For 2020

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 North Dakota, according to data:

Poorest: Grand Forks
2nd Poorest: Bottineau
3rd Poorest: Wahpeton

For more North Dakota reading, check out:

Detailed List Of The Richest Cities In North Dakota

Rank City RichScore Median Income
1 Horace 2.33 $131,354
2 Beulah 2.67 $92,917
3 Lincoln 5.0 $78,445
4 Casselton 7.33 $76,250
5 Hazen 7.33 $86,838
6 West Fargo 8.0 $81,051
7 Williston 8.33 $85,426
8 Carrington 9.33 $59,659
9 Lisbon 9.33 $57,574
10 Watford City 11.33 $79,844
11 Bismarck 12.33 $63,608
12 Oakes 12.33 $62,283
13 Stanley 13.0 $68,182
14 Minot 13.67 $65,350
15 Dickinson 14.67 $73,025
16 Mandan 15.33 $64,122
17 Devils Lake 18.0 $43,750
18 Rugby 18.0 $39,083
19 Valley City 18.67 $49,194
20 Jamestown 18.67 $53,310
21 Fargo 19.0 $53,309
22 New Town 19.33 $68,365
23 Grafton 20.0 $48,878
24 Wahpeton 20.67 $52,451
25 Bottineau 22.33 $53,164
26 Grand Forks 24.0 $47,871

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

One thought on “Richest Cities In North Dakota For 2020

  1. Interesting article but the photo of Main Street of Watford City is from the 1980’s and does not reflect the growth and beauty of our downtown.

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