North Dakota grew more than any other state in the country from 2010 to 2015.
A 13 % growth.
“It’s a great place to live. People are coming back to North Dakota,” says Jolene Kline, North Dakota Housing Finance Agency.
And it’s going to keep growing.
North Dakota is expected to grow by 20% by the year 2029.
According to an assessment by the North Dakota Housing Finance Agency, the number of individuals 65 and older will grow by 52%.
And all of this growth could make it harder for them to find affordable housing.
“That’s one of the sectors that we are really worried about because they are going to have loss on income as they leave the workforce… Assisted living in the state is not affordable,” says Kline.
Kline says that assisted living in North Dakota can cost anywhere from 2,500 to 3000 dollars a month.
But just housing in general could be a problem.
“Most of these people are on social security and on average get about $1100 a month. And they rely on that for 50% of their income. So paying $350 a month for housing can be tough,” says Josh Askvig, AARP.
Another number in the study plays a role in this as well.
Low to extremely low income families are projected to increase by 20 percent.
“That’s a concern considering the fastest growing segment of that population is probably going to fall into that 65 and older,” says Kline.
Kline says it will come down to the legislature to help with this problem.
She says they plan to go from region to region in North Dakota to see what areas might be growing more than others.