East Grand Forks, MN is an economical city with affordable living costs. The average 2 bedroom rental rate in East Grand Forks is $810 compared to the average of $1,430 in the US. This makes it an ideal destination for those who wish to save on housing costs while still enjoying the same quality of life. Additionally, grocery cost index in this city is also lower than the US average at 100 versus 100 respectively. There are many local companies that call East Grand Forks their home such as Alerus Financial, American Crystal Sugar Company and Concordia College. All of these businesses offer great employment opportunities and economic stability to residents of East Grand Forks, making it an attractive option for people looking to move to a new home.
East Grand Forks has an unemployment rate of 4.9%. The US average is 6.0%.
East Grand Forks has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for East Grand Forks
- The Sales Tax Rate for East Grand Forks is 8.1%. The US average is 7.3%.
- The Income Tax Rate for East Grand Forks is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for East Grand Forks
- The average income of a East Grand Forks resident is $25,764 a year. The US average is $28,555 a year.
- The Median household income of a East Grand Forks resident is $65,898 a year. The US average is $69,021 a year.