Valley Spring, ND is an ideal place for people looking to save money on rent. The average 2 bedroom rental cost in Valley Spring is $820 a month, which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Valley Spring is 94 compared to the US’s index of 100. \nThe local economy offers a wide variety of businesses and services including Goss Bros. Department Store, Valley Springs Pharmacy, Valley Springs Country Club and other shops and restaurants along Main Street. With its competitive costs and convenient amenities, it’s easy to see why Valley Spring has become such a popular destination for those looking for affordable living.
Valley Spring has an unemployment rate of 4.0%. The US average is 6.0%.
Valley Spring has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Valley Spring
- The Sales Tax Rate for Valley Spring is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Valley Spring 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 Spring
- The average income of a Valley Spring resident is $0 a year. The US average is $28,555 a year.
- The Median household income of a Valley Spring resident is $133,750 a year. The US average is $69,021 a year.