Golden Valley, ND is a small town located in the midwestern United States. It is known for its affordable living costs, with two bedroom rent costing $1,040 compared to the US average of $1,430. Additionally, the grocery cost index in Golden Valley is 93 versus 100 in the US. This makes it an appealing area for those wanting to stretch their dollar further. The local economy consists of many small businesses such as J&J convenience store, Pohlman Insurance Agency and Driscoll Towing & Repair. All of these companies add to create a thriving business community that helps drive the low cost of living in Golden Valley.
Golden Valley has an unemployment rate of 6.2%. The US average is 6.0%.
Golden Valley has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Golden Valley
- The Sales Tax Rate for Golden Valley is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Golden Valley 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 Valley
- The average income of a Golden Valley resident is $27,210 a year. The US average is $28,555 a year.
- The Median household income of a Golden Valley resident is $59,167 a year. The US average is $69,021 a year.