Tags: Retirement | retirement | North Dakota | drawbacks

Drawbacks of Retiring in North Dakota

By    |   Wednesday, 10 Jun 2015 05:16 PM

Although North Dakota has consistently been rated as one of the best places to retire in the country, not everything about retirement in the state is positive. These are just a few drawbacks to retiring in North Dakota that you should be aware of before deciding to spend your golden years there.

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  1. Crime Rates are on the Rise - Although the oil boom in North Dakota in recent years has done wonders for the state's economy, it has also brought a rise in crime rates. USA Today reports that the shifting population and markedly higher average income rate resulting from the boom are at least partially to blame. In Bismarck, the rate of increase in violent crime during the last five years is a whopping 92.4 percent. Hopefully, as the population stabilizes and the boom becomes a regular part of the state's industry, these rates will taper off, but for the moment, North Dakota isn't quite as safe as it used to be.
  2. You Won't Find Any Large Urban Centers in the State - There aren't any large urban centers in North Dakota. In fact, the most populous city in the state, Fargo, only has about 114,000 residents according to Forbes magazine. MarketWatch reports that many towns in North Dakota have populations around 100. While these numbers are appealing to some, they certainly do not bode well for those who want to retire in a city environment.
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  4. Winters Aren't for the Faint of Heart - Sharing a border with Canada, North Dakota's winters are anything but soft. The official government site for North Dakota says that January is the coldest month in the state. The average temperature during this time of the year can range from 2 to 17 degrees Fahrenheit. Even average temperatures for the year aren't exactly balmy. In the northeast, the average is 37 F while in the south it's only 43 F.
  5. Housing Isn't Cheap - Thanks in part to the influx of workers hoping to find jobs in North Dakota's recent oil boom, housing costs have soared. Sperling's Best Places reports that the cost of homes in North Dakota is about 17 percent higher than the national average.
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Although North Dakota has consistently been rated as one of the best places to retire in the country, not everything about retirement in the state is positive.
retirement, North Dakota, drawbacks
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2015-16-10
Wednesday, 10 Jun 2015 05:16 PM
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