Bloomenfield, ND is a city with an affordable cost of living. The average two bedroom rental rate is $820, which is much lower compared to the US average rent of $1430. Groceries are also more affordable in Bloomenfield than in the rest of the nation; its local grocery cost index is at 93 versus 100 in the country as a whole.
Local companies including City Bakery and Diner, Johnson's Hardware Store, and George's Auto Repair make up the majority of businesses in Bloomenfield. Not only does this provide residents with convenience but having these local businesses helps keep costs low for citizens. Overall, Bloomenfield is an ideal place to settle down due to its low cost of living and its close knit community built around local businesses.
Bloomenfield has an unemployment rate of 4.0%. The US average is 6.0%.
Bloomenfield has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Bloomenfield
- The Sales Tax Rate for Bloomenfield is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomenfield 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 Bloomenfield
- The average income of a Bloomenfield resident is $53,070 a year. The US average is $37,638 a year.
- The Median household income of a Bloomenfield resident is $0 a year. The US average is $69,021 a year.