Bloomfield, ND is a small town with a population of approximately 300 people. It's an affordable place to live, in terms of rent for a two-bedroom apartment is only $940 compared to the US average of $1,430. The cost of groceries in Bloomfield is also lower than the US average, with an index score of 97 versus 100 in the US. This makes it great for people looking for an affordable living environment.
In terms of businesses, Bloomfield has several local companies that provide necessary services and goods to residents. Bloomfield Pharmacy provides pharmaceutical products and services to meet the needs of the community. The town also boasts a hardware store called Hardware Plus that offers hardware supplies for construction and DIY projects at competitive prices. Additionally, the town has a grocery store called Grocery Mart where locals can purchase food items as well as other consumer items at reasonable prices.
Bloomfield has an unemployment rate of 3.4%. The US average is 6.0%.
Bloomfield 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 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Bloomfield
- The Sales Tax Rate for Bloomfield is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomfield 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 Bloomfield
- The average income of a Bloomfield resident is $36,045 a year. The US average is $28,555 a year.
- The Median household income of a Bloomfield resident is $78,500 a year. The US average is $69,021 a year.