Valley City, North Dakota is a small town with an estimated population of 6,700. This town provides a unique sense of community and pride due to its close-knit atmosphere. Valley City is home to several local businesses such as K&B Farms, Hansen’s Grocery Store, and R&R Motorsports, which provide employment opportunities for many of its residents. Furthermore, Valley City offers a relatively affordable cost of living index compared to the US average. The 2 bedroom rent in Valley City is $850 compared to the US average rent of $1,430. Additionally, the grocery cost index in Valley City is 96 versus 100 in the US overall. This makes Valley City an attractive place for those who are looking for an affordable yet quality lifestyle.
Valley City has an unemployment rate of 3.7%. The US average is 6.0%.
Valley City has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 12.5%, which is lower than the US average of 33.5%.
Tax Rates for Valley City
- The Sales Tax Rate for Valley City is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Valley City 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 Valley City
- The average income of a Valley City resident is $33,403 a year. The US average is $28,555 a year.
- The Median household income of a Valley City resident is $54,629 a year. The US average is $69,021 a year.