North Dakota variant. This is a North Dakota-specific version of the Auto Loan Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Auto Loan Calculator.
Financing a car in North Dakota means budgeting for both the loan payment and the state's $1,240 average annual auto insurance premium.
Auto loan + ownership costs in North Dakota
On a $35,000 vehicle with 10% down, you'd finance $31,500. At 7% over 5 years, that's about $624/month.
North Dakota drivers pay $1,240/year on average for insurance - about $103/month - plus the state's 6.97% combined sales tax on the purchase.
About taxes and housing in North Dakota
North Dakota has one of the lowest top income tax rates in the country, with a top marginal rate around 2.5%.
North Dakota's effective property tax rate is near 0.98%, with median home values around $250,000.
North Dakota's economy is strongly tied to oil and gas production in the Bakken formation along with large-scale agriculture.
Worked example: $35,000 car in North Dakota
Loan $31,500 at 7% for 5 years → $624/month. Insurance ≈ $103/month. Combined monthly cost of ownership ≈ $727 before fuel and maintenance.
Quick reference
- State income tax: 1.95-2.5% across 3 brackets (lowest top rate)
- State sales tax: 5% (plus 1.97% avg local)
- Median home value: $250,000
- Median household income: $73,959
- Effective property tax rate: 0.98%
- Avg auto insurance: $1,240/yr
Frequently Asked Questions
How much is car insurance in North Dakota?
The North Dakota average is $1,240/year, or about $103/month.
What's a typical car payment in North Dakota?
On a $35,000 car financed at 7% over 5 years, roughly $624/month.