Belford, ND is a small town located in the Midwest region of the United States. This rural area is known for its low cost of living, with two-bedroom rents coming in at an average of $830 - significantly lower than the US average of $1,430. Grocery costs are also relatively low, with a Grocery Cost Index of 92 versus the US average of 100. The economy in Belford is mainly driven by small businesses, ranging from restaurants like 'Frosty's Diner' to outdoors stores such as 'High Country Outfitters'. Many locals also work in agriculture or ranching, which has been a staple industry in Belford since its founding over a century ago. All told, Belford is a great place to live if you're looking for a tranquil atmosphere and affordable housing.
Belford has an unemployment rate of 3.5%. The US average is 6.0%.
Belford has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Belford
- The Sales Tax Rate for Belford is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Belford 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 Belford
- The average income of a Belford resident is $36,523 a year. The US average is $28,555 a year.
- The Median household income of a Belford resident is $163,026 a year. The US average is $69,021 a year.