Brinsmade, ND is a small town in North Dakota known for its strong sense of community and affordability of living. The median rent for a two bedroom apartment is $830, far lower than the national average of $1,430. This cost of living advantage extends to groceries as well; the Grocery Cost Index in Brinsmade is 93, versus 100 in the US.
Businesses that have been operating in Brinsmade for many years include the local grocery store Smith’s Market and the restaurant The Country Bistro. Residents save money on everyday expenses thanks to these family owned businesses that keep prices low while still providing quality goods and services.
The economic advantages provided by low rent prices and grocery costs make Brinsmade an attractive place to live for families on a budget or those who need to stretch their dollars further. Not only can locals take advantage of these cost savings but they are also able to enjoy being part of a tight knit community with plenty of opportunities to become involved in local events like farmers markets, youth sports, and community festivals.
Brinsmade has an unemployment rate of 6.5%. The US average is 6.0%.
Brinsmade has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 5.5%, which is lower than the US average of 33.5%.
Tax Rates for Brinsmade
- The Sales Tax Rate for Brinsmade is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Brinsmade 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 Brinsmade
- The average income of a Brinsmade resident is $15,387 a year. The US average is $28,555 a year.
- The Median household income of a Brinsmade resident is $65,000 a year. The US average is $69,021 a year.