Larrabee, ND is an affordable place to live with 2 bedroom rents being $840 compared to the US average of $1430. The city also offers very reasonable grocery costs, their index being 93 against 100 in the United States. It is a great place for people looking to save money on living expenses. There are many local businesses and companies like the Larrabee Community Bank and Railway Express that contribute to the Larrabee community. In addition, the city has a bustling agriculture industry which provides employment opportunities for locals as well. Compared to other cities in the United States, Larrabee offers lower living costs in addition to plenty of job opportunities.
Larrabee has an unemployment rate of 3.1%. The US average is 6.0%.
Larrabee has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Larrabee
- The Sales Tax Rate for Larrabee is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Larrabee 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 Larrabee
- The average income of a Larrabee resident is $31,250 a year. The US average is $28,555 a year.
- The Median household income of a Larrabee resident is $60,500 a year. The US average is $69,021 a year.