North Fork, MN Economy


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North Fork, MN is a small town in the United States. It is home to a wide variety of businesses, from local stores and restaurants to larger companies. The cost of living in North Fork is lower than the national average, with 2 bedroom rent averaging around $870 compared to $1,430 for the United States as a whole. Additionally, grocery costs are around 95 on the index in North Fork versus 100 nationally. Local businesses such as North Fork Groceries, Johnson's Hardware Store and Baxter's Cafe make up the majority of businesses in North Fork providing great service at affordable prices. Overall, North Fork is an affordable place to live that still offers all of the amenities one would expect in a larger city.

North Fork has an unemployment rate of 4.7%. The US average is 6.0%.

North Fork has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.

Tax Rates for North Fork
- The Sales Tax Rate for North Fork is 7.6%. The US average is 7.3%.
- The Income Tax Rate for North Fork 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 North Fork
- The average income of a North Fork resident is $23,647 a year. The US average is $28,555 a year.
- The Median household income of a North Fork resident is $87,813 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Fork, MinnesotaUnited States
  4.76
  -2.4%-6.2%
  33.8%33.5%
  7.1%6.2%
  7.1%4.6%
  $26,629$37,638
  $87,813$69,021
  $92,917$85,028
  Population by Occupation
  31.1%1.2%
  0.0%0.5%
  4.4%6.8%
  8.1%10.0%
  1.5%2.5%
  8.9%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  3.0%4.7%
  0.0%1.9%
  4.4%7.6%
  0.0%0.1%
  0.0%4.2%
  11.1%9.3%
  15.6%14.0%
  2.2%2.1%
  1.5%7.0%
  6.7%4.8%
  1.5%4.7%
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