Grand Forks, MN is a great place to live for those looking to find an affordable city. The 2 bedroom rent in Grand Forks is about half of the US average, making it an attractive option for those seeking more value for their money. Additionally, grocery costs in Grand Forks are in line with the US averages, meaning that food will not break the bank. \nGrand Forks has many established companies such as Columbia Foods, John Deere and Target Distribution Center that provide a strong job market and career opportunities. With its low cost of living and excellent job prospects it makes Grand Forks an attractive city to settle down. With plenty of parks and outdoor activities within easy reach, there is something for everyone in this vibrant city.
Grand Forks has an unemployment rate of 4.9%. The US average is 6.0%.
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 Grand Forks
- The Sales Tax Rate for Grand Forks is 7.1%. The US average is 7.3%.
- The Income Tax Rate for 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 Grand Forks
- The average income of a Grand Forks resident is $25,168 a year. The US average is $28,555 a year.
- The Median household income of a Grand Forks resident is $87,000 a year. The US average is $69,021 a year.