Grand Forks, ND is a great place to live with plenty of economic opportunities. Rent for two bedroom apartments is typically $940 in Grand Forks compared to the national average of $1430. Additionally, the cost of groceries in Grand Forks is 99 compared to 100 nationally. This makes it more affordable to live in Grand Forks than other parts of the country. \nGrand Forks is home to many companies such as Alerus Financial, Starion Bank, and Goldmark Property Management. These companies provide vital services needed for a successful economy. With these businesses and lower than average costs for rent and groceries, it's easy to see why Grand Forks can be an ideal place for individuals and families looking for work or a new place to call home.
Grand Forks has an unemployment rate of 3.8%. The US average is 6.0%.
Grand Forks has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Grand Forks
- The Sales Tax Rate for Grand Forks is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Grand Forks 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 Grand Forks
- The average income of a Grand Forks resident is $26,968 a year. The US average is $28,555 a year.
- The Median household income of a Grand Forks resident is $53,611 a year. The US average is $69,021 a year.