Boyd, ND is a small town located between two larger towns, Casselton and Valley City. It has a population of just over 600 residents and is known for its small-town charm. The cost of living in Boyd, ND is quite low compared to other parts of the US. The median 2-bedroom rent is $910 per month, which is significantly lower than the nationwide average of $1,430 per month. Grocery costs are also very competitive at 101 index points versus the US average of 100.
Boyd offers a wide variety of businesses that cater to both local and tourist visitors. There are several restaurants and cafes like Sammy’s Bar & Grill, John’s Diner, and The Pelican Cafe that serve delicious home cooking at an affordable price. For entertainment, Boyd hosts the High Plains Pickin Parlor which offers live music every weekend night as well as outdoor activities like camping and fishing along its many lakes and streams. Lastly there are several shops like B&R Hardware or Dan's Stop N Shop for any needed supplies or services needs you may have during your stay in Boyd.
Boyd has an unemployment rate of 4.1%. The US average is 6.0%.
Boyd has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Boyd
- The Sales Tax Rate for Boyd is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Boyd 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 Boyd
- The average income of a Boyd resident is $53,718 a year. The US average is $28,555 a year.
- The Median household income of a Boyd resident is $116,000 a year. The US average is $69,021 a year.