Park River, ND is a small city located in the northern part of the state. It has a population of around 1,000 people and offers many activities for locals and tourists alike. The cost of living in Park River is quite affordable, with an average two-bedroom rent being approximately $940 per month. This is notably lower than the US two-bedroom rent average of $1,430. Additionally, the grocery cost index in Park River is 93 versus 100 in the US, making it a great location to save money when shopping for groceries.
Park River has a vibrant local business community comprised of enterprises such as The Owl’s Nest Café, which offers breakfast favorites seven days a week; The Main Street Pub & Grill, which serves up traditional pub food with craft beers on tap; and the Park River Library. These businesses make living in Park River an attractive option for those looking to live comfortably without breaking their budget.
Park River has an unemployment rate of 5.8%. The US average is 6.0%.
Park River 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 Park River
- The Sales Tax Rate for Park River is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Park River 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 Park River
- The average income of a Park River resident is $27,806 a year. The US average is $28,555 a year.
- The Median household income of a Park River resident is $59,514 a year. The US average is $69,021 a year.