Niagara, ND Economy


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Niagara, ND is a quaint town located in the northwestern region of North Dakota. Home to just over 400 people, Niagara offers a much slower life than most cities in the United States. Rent for two bedroom apartments is quite affordable at $840 per month and groceries are also somewhat cheaper compared to the US average with an index price of 94. While small, there are local businesses and attractions such as the Grand Forks County Historical Society Museum, which features a variety of exhibitions on local history and artifacts; North Valley Equipment which offers farm equipment sales and services; as well as Niagara Public Schools which serves students from pre-kindergarten through to 12th grade. In addition, there are several churches in the area as well as outdoor recreational activities like fishing and camping available nearby.

Niagara has an unemployment rate of 4.0%. The US average is 6.0%.

Niagara has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.

Tax Rates for Niagara
- The Sales Tax Rate for Niagara is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Niagara 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 Niagara
- The average income of a Niagara resident is $31,423 a year. The US average is $28,555 a year.
- The Median household income of a Niagara resident is $76,667 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNiagara, North DakotaUnited States
  46
  -4.7%-6.2%
  33.1%33.5%
  5.0%6.2%
  2.0%4.6%
  $44,945$37,638
  $76,667$69,021
  $77,083$85,028
  Population by Occupation
  43.8%1.2%
  0.0%0.5%
  0.0%6.8%
  18.8%10.0%
  0.0%2.5%
  6.3%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  31.3%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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