Golva, ND is a small town located in the western part of North Dakota. It is known for its rural charm and low cost of living. The average 2 bedroom rent in Golva is $970, which is substantially lower than the US average of $1,430. Additionally, the grocery cost index in Golva is 99 versus the US average of 100. This makes everyday items more affordable for residents.
The local economy in Golva is largely fueled by agriculture and two major companies – The Bank of Golva and Pivotal Lab. The Bank of Golva has been a fixture since 1918 and provides financial services to the community including mortgages, loans, trust management, and investments. Pivotal Lab provides web development and marketing services for businesses around the world. Both companies offer competitive salaries that allow employees to live comfortably despite the low cost of living in Golva.
Golva has an unemployment rate of 3.8%. The US average is 6.0%.
Golva 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 13.8%, which is lower than the US average of 33.5%.
Tax Rates for Golva
- The Sales Tax Rate for Golva is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Golva 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 Golva
- The average income of a Golva resident is $21,424 a year. The US average is $28,555 a year.
- The Median household income of a Golva resident is $76,250 a year. The US average is $69,021 a year.