Beach, ND is a small town situated in the rural parts of the state. It is a great place to live for those who want a more relaxed lifestyle and enjoy being close to nature. The cost of living in Beach, ND is quite low when compared to other areas in the US. For instance, 2-bedroom rents are significantly cheaper than the national average of $1,430, costing only $800 per month. Similarly, the Grocery Cost Index in Beach, ND is only 96 whereas it’s 100 on average across the country.
The city has several local companies that make up its business landscape, such as Red Valley Oil & Gas Corporation and GK Logistics Inc., which offer employment opportunities to residents near and far. Other businesses that contribute to the economic growth of Beach include NDA Bank & Trust Co., Dakota West Credit Union, and Plains Commerce Bank. All these businesses provide essential services that help drive development in the area.
Beach has an unemployment rate of 3.8%. The US average is 6.0%.
Beach has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 13.8%, which is lower than the US average of 33.5%.
Tax Rates for Beach
- The Sales Tax Rate for Beach is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Beach 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 Beach
- The average income of a Beach resident is $26,264 a year. The US average is $28,555 a year.
- The Median household income of a Beach resident is $78,026 a year. The US average is $69,021 a year.