Drayton, ND is a small town located in the northeastern corner of North Dakota. It has a population of around 1,300 people as of 2019. The cost of living in Drayton is relatively low compared to the US average. For example, the average 2 bedroom rent in Drayton is $730 per month whereas it is $1,430 across the US. Similarly, the Grocery Cost Index in Drayton is 93 versus 100 across the US. \nLocal companies include J&N Farms, KRS Enterprises, Inc., and Home Farm Foods LLC., which offer various food products and services such as livestock feed production and direct-to-consumer farm products. There are also some retail stores such as Drayton Pharmacy and Drayton Groceries that provide basic amenities for local residents. All these businesses contribute to making Drayton an affordable place to live with a reasonable cost of living.
Drayton has an unemployment rate of 5.9%. The US average is 6.0%.
Drayton has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 15.3%, which is lower than the US average of 33.5%.
Tax Rates for Drayton
- The Sales Tax Rate for Drayton is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Drayton is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Drayton
- The average income of a Drayton resident is $27,662 a year. The US average is $28,555 a year.
- The Median household income of a Drayton resident is $69,408 a year. The US average is $69,021 a year.