Ada, ND is a small city with a population of about 3,000 and offers its residents an affordable standard of living compared to the US average. The average rent for a two bedroom unit is $810 which is significantly lower than the national average of $1430. Additionally, the cost of groceries in Ada, ND are 93 compared to the US index of 100 making it more affordable than elsewhere.
Ada, ND has a diverse economy with major employers such as Valley Implements, Alerus Financial Corporation and CorTrust Bank. Education opportunities in Ada, ND are provided by Minnesota State University Moorhead-Moorhead campus located nearby. This university offers many degree options for those looking to further their education in this area.
Ada has an unemployment rate of 3.2%. The US average is 6.0%.
Ada has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Ada
- The Sales Tax Rate for Ada is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ada 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 Ada
- The average income of a Ada resident is $16,891 a year. The US average is $28,555 a year.
- The Median household income of a Ada resident is $150,833 a year. The US average is $69,021 a year.