Kinloss, ND is a small city located in the prairie region of North America. Despite its size, it has become an attractive destination for people looking for a more affordable place to live. According to recent data, the average two-bedroom rent in Kinloss is $760 per month, which is significantly less than the national average of $1,430 per month. Furthermore, the grocery cost index in Kinloss is 91 whereas it averages 100 nationally. This makes living in Kinloss even more attractive for potential residents.
The most prominent companies located in Kinloss are Agropur Dairy Co-Op and Simplot - both major food processing businesses that produce a variety of products for local markets and beyond. Agropur processes dairy products such as milk, cheese, and yogurt while Simplot produces frozen fruits and vegetables as well as other processed foods. Other notable businesses in Kinloss include J&L Tire Service LLC providing tire services to the area including sales and installation plus repair work, plus several local shops catering to locals' needs.
Kinloss has an unemployment rate of 5.8%. The US average is 6.0%.
Kinloss has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Kinloss
- The Sales Tax Rate for Kinloss is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Kinloss 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 Kinloss
- The average income of a Kinloss resident is $47,494 a year. The US average is $28,555 a year.
- The Median household income of a Kinloss resident is $66,250 a year. The US average is $69,021 a year.