Net Worth Percentile in Grand Forks
Your national net worth ranking uses Federal Reserve SCF data and is the same wherever you live. But Grand Forks’s cost of living is 12% below the national average (COL index: 88), which changes what your net worth actually buys.
Purchasing power in Grand Forks
Based on BLS 2023 Consumer Expenditure Survey ($64,211/yr in Grand Forks).
Grand Forks — key figures
Calculate your net worth rank
Total assets (home equity, investments, retirement, savings) minus total debts (mortgage, loans, credit cards). Negative values are fine.
Frequently asked questions
What net worth puts you in the top 10% in Grand Forks?
Nationally, the top 10% of Americans ages 45-54 have a net worth of roughly $1.7M or more. In Grand Forks, where cost of living is 12% below the national average (COL index: 88), that $1.7M covers approximately 26.5 years of living expenses compared to 23.3 years at the national average.
How does Grand Forks's cost of living affect my net worth ranking?
Grand Forks has a cost of living index of 88 (US average = 100). Your national percentile ranking uses Federal Reserve SCF data and is the same regardless of where you live. But your purchasing power differs: $1M in Grand Forks covers 15.6 years of average living expenses, versus 13.7 years at the national average.
What is the median household income in Grand Forks?
The median household income in Grand Forks is $60,000 per year. The national median household income is approximately $74,580 (Census ACS 2023).
What is the median home price in Grand Forks?
The median home sale price in Grand Forks metro area is approximately $245,000 (2024). For a household with $500K in net worth, that represents 204% of the median home price.