Florance, ND is a small city in the midwest with around 400 people living there. The city is known for its affordable cost of living and two bedroom rent that is approximately $850 a month. Grocery costs also tend to be lower than national averages, with a grocery cost index of 93 compared to 100 nationally. Florance has several local businesses including Florance Hardware, B&L Cafe, and Florance Auto Repair. These local companies provide quality services at competitive prices, making Florace an attractive location for families on a budget. With low rent prices and lower than average food costs, it's no wonder why many families choose to live in Florance.
Florance has an unemployment rate of 3.1%. The US average is 6.0%.
Florance 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 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Florance
- The Sales Tax Rate for Florance is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Florance 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 Florance
- The average income of a Florance resident is $24,120 a year. The US average is $37,638 a year.
- The Median household income of a Florance resident is $74,063 a year. The US average is $69,021 a year.