Greenland, ND is a small rural town with a population of around 600 people. It offers an affordable cost of living, with 2 bedroom rentals at $810 per month and a grocery cost index of 94 compared to 100 in the US. The low cost of living and friendly atmosphere make it attractive for those who want to move away from cities. Greenland's main industry is agriculture, so there are several local businesses related to farming such as cattle ranches, seed companies, and agricultural equipment suppliers. Tourism is also a major source of income with lakeside cabins and camping sites. Greenland also has a diverse range of recruiters including medical clinics, restaurants, banks, retail stores, construction companies, supermarkets and educational institutions.
Greenland has an unemployment rate of 3.7%. The US average is 6.0%.
Greenland has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 12.5%, which is lower than the US average of 33.5%.
Tax Rates for Greenland
- The Sales Tax Rate for Greenland is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Greenland 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 Greenland
- The average income of a Greenland resident is $28,243 a year. The US average is $28,555 a year.
- The Median household income of a Greenland resident is $66,471 a year. The US average is $69,021 a year.