Riga, ND Economy


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Riga, ND is a small town located in the United States with a variety of local businesses to check out. Some examples include Riga Supermarket, Riga Hardware Store, and Riga Pharmacy. The cost of living is relatively low in comparison to other areas in the US. For example, 2 bedroom rent is only $810 compared to $1,430 for the US on average. Similarly, grocery costs have an index score of 93 versus 100 for the US. These factors make Riga an ideal place to live on a budget.

Riga has an unemployment rate of 6.8%. The US average is 6.0%.

Riga has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.

Tax Rates for Riga
- The Sales Tax Rate for Riga is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Riga 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 Riga
- The average income of a Riga resident is $33,552 a year. The US average is $28,555 a year.
- The Median household income of a Riga resident is $38,571 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRiga, North DakotaUnited States
  6.86
  -1.6%-6.2%
  19.1%33.5%
  5.0%6.2%
  2.0%4.6%
  $17,596$37,638
  $38,571$69,021
  $38,750$85,028
  Population by Occupation
  45.0%1.2%
  0.0%0.5%
  0.0%6.8%
  0.0%10.0%
  0.0%2.5%
  7.5%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  15.0%7.6%
  0.0%0.1%
  0.0%4.2%
  15.0%9.3%
  17.5%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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