Gunkel, ND is a small rural community located in Stutsman County. It has a population of about 500 people and is known for its small-town charm and friendly atmosphere. The cost of living in Gunkel is very low compared to other parts of the country. For example, the average two bedroom rent in Gunkel is $830 a month, while the US two bedroom rent averages at $1,430. Additionally, the grocery cost index in Gunkel is 96 versus 100 in the US.
The economy of Gunkel relies heavily on agriculture as some local companies include H&H Farms and G&G Seed Supply who provide quality grain and livestock products to local producers. Other businesses such as Gloemgy's Automotive Repair and Bongard's Hardware Store serve the community by providing everyday products for residents.
Gunkel has an unemployment rate of 3.8%. The US average is 6.0%.
Gunkel has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Gunkel
- The Sales Tax Rate for Gunkel is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Gunkel 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 Gunkel
- The average income of a Gunkel resident is $0 a year. The US average is $28,555 a year.
- The Median household income of a Gunkel resident is $120,865 a year. The US average is $69,021 a year.