New England, ND is a great place to live with a cost of living that is lower than the US average. The median two-bedroom rent in New England is $920, which is significantly lower than the US median of $1,430. The Grocery Cost Index for New England stands at 99 versus 100 for the rest of the US. In addition to its low cost of living, New England has a variety of local companies like Northern Dakota Insurance Agency, McDonough’s Bar & Restaurant and 2R Transportation Services. All in all, New England offers its residents an affordable and enjoyable life without sacrificing quality amenities.
New England has an unemployment rate of 4.4%. The US average is 6.0%.
New England has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 15.1%, which is lower than the US average of 33.5%.
Tax Rates for New England
- The Sales Tax Rate for New England is 7.5%. The US average is 7.3%.
- The Income Tax Rate for New England 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 New England
- The average income of a New England resident is $25,363 a year. The US average is $28,555 a year.
- The Median household income of a New England resident is $62,813 a year. The US average is $69,021 a year.