Spring Grove, ND is a small town located in the southeast corner of North Dakota. The cost of living in Spring Grove is substantially lower than the national average, with two-bedroom rental prices at $740 compared to the US average of $1,430. Additionally, the grocery cost index for Spring Grove is 91 versus 100 in the US, further illustrating the affordability and value of living here. There are many local businesses that help make Spring Grove a great place to live and work such as Spring Groove Lumber Co., T&K Meats, Bismark Services Inc., and G&S Auto Repair LLC. These companies provide necessary goods and services to those who live in this charming little town and their support helps keep it thriving.
Spring Grove has an unemployment rate of 6.8%. The US average is 6.0%.
Spring Grove 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 Spring Grove
- The Sales Tax Rate for Spring Grove is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Spring Grove 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 Spring Grove
- The average income of a Spring Grove resident is $42,938 a year. The US average is $28,555 a year.
- The Median household income of a Spring Grove resident is $83,125 a year. The US average is $69,021 a year.