Golden Lake, ND is a small city located in the north-central region of the state. It is a popular destination for outdoor enthusiasts, due to its close proximity to many recreational areas such as Golden Lake State Park. The cost of living in Golden Lake is quite affordable when compared to other parts of the US; 2 bedroom rent is $790 whereas it is $1,430 on average in the US. Additionally, grocery costs are much lower than the national average in Golden Lake, with an index of 93 compared to 100 in the US. Local companies that make up Golden Lake's economy include various restaurants and retailers, both large and small. All businesses are focused on providing quality items at competitive prices to keep customers coming back for more. Furthermore, Golden Lake's low cost of living makes it an attractive place for people who value affordability but still want access to essential amenities.
Golden Lake has an unemployment rate of 3.5%. The US average is 6.0%.
Golden Lake has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Golden Lake
- The Sales Tax Rate for Golden Lake is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Golden Lake 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 Golden Lake
- The average income of a Golden Lake resident is $47,133 a year. The US average is $28,555 a year.
- The Median household income of a Golden Lake resident is $106,354 a year. The US average is $69,021 a year.