Living in Drake, North Dakota
Cost of living, income, home prices, rent and demographics of Drake · Census data 2020–2024
Drake has 300 residents with a median age of 42.8. The median household income is $46,000 (40% lower than the North Dakota median), the median home value is $75,600, the median rent is $700/month.
Drake is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Drake at a glance
- Population
- 300
- Median age
- 42.8State: 35.9
- Median household income
- $46,000State: $76,657
- Median home value
- $75,600State: $249,900
- Median rent
- $700/moState: $954
- Homeowners
- 76.6%
- Bachelor's degree or higher
- 14.8%
- Average commute
- 15 min
Is Drake a good place to live?
Pros: Home values 70% lower than the state median; an average commute of 15 minutes.
Cons: Median household income 40% lower than the North Dakota median; unemployment of 14.4%; a poverty rate of 21.3%.
The weather is best in June to September.
Cost of living in Drake
Housing is the biggest part of the cost of living. In Drake the median home value is $75,600, 77% lower than the U.S. median. Renters pay a median of $700 per month, which is 13.8% of household income. Homeowners with a mortgage pay $1,018 a month in housing costs.
Drake median household income
The median household income in Drake is $46,000 and the income per person is $30,261. 21.3% of residents live below the poverty line (North Dakota: 10.8%).
Housing in Drake: homes for sale and rent
- Housing units
- 232
- Owner-occupied
- 76.6%
- Renter-occupied
- 23.4%
- Vacant
- 31.9%Includes seasonal homes
- Median year built
- 1948
- Average household size
- 1.90
31.9% of homes are vacant most of the year, a sign that Drake has many vacation and second homes.
Drake demographics
- Population
- 300
- Median age
- 42.8
- Under 18
- 17.3%
- 65 and older
- 20.7%
- Households
- 158
- Foreign-born
- 0.7%
- Veterans
- 6.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Drake ›
Education in Drake
14.8% of adults 25 and older in Drake have a bachelor's degree or higher (North Dakota: 32.7%), and 5.3% have a graduate or professional degree.
Jobs and commute in Drake
- Unemployment rate
- 14.4%State: 2.8%
- Average commute
- 15 minState: 18 min
- Work from home
- 15.5%
- Drive alone
- 62%
- Public transit
- 0%
- Walk to work
- 13.2%
- Homes with broadband
- 76.6%
Drake vs nearby towns
More for people moving to Drake
Drake ZIP code ›Weather and climate ›Living in Drake: FAQ
What is the median household income in Drake, ND?
The median household income in Drake is $46,000, 40% lower than the North Dakota median of $76,657 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Drake?
The median home value in Drake is $75,600, compared with $249,900 in North Dakota.
How much is rent in Drake?
The median gross rent in Drake is $700 per month, about 13.8% of household income.
Is Drake, ND a good place to live?
Pluses: home values 70% lower than the state median; an average commute of 15 minutes. Minuses: median household income 40% lower than the North Dakota median; unemployment of 14.4%; a poverty rate of 21.3%.
What is the median age in Drake?
The median age in Drake is 42.8 years (North Dakota: 35.9).
How long is the commute in Drake?
The average commute to work in Drake is 15 minutes; 15.5% of workers work from home.
What is the unemployment rate in Drake?
The unemployment rate in Drake is 14.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Drake?
14.8% of adults in Drake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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