Broe, ND is a small town with a population of fewer than 1,000 people located in the Northeast area of North Dakota. It is known for its low cost of living and rural charm. Rent here is significantly less than the national average, with a 2 bedroom apartment going for $750 compared to the US average of $1,430. Groceries are also cheaper in Broe as evidenced by its grocery cost index which stands at 93 versus 100 in the US. Local companies include Broe Farms which provides fresh meats and vegetables to local restaurants and customers, Freeman Insurance Services offering insurance services to businesses and individuals in the area, and Coats Construction Inc providing general contracting services for residential and commercial properties throughout the region.
Broe has an unemployment rate of 6.5%. The US average is 6.0%.
Broe 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 Broe
- The Sales Tax Rate for Broe is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Broe 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 Broe
- The average income of a Broe resident is $33,977 a year. The US average is $28,555 a year.
- The Median household income of a Broe resident is $82,917 a year. The US average is $69,021 a year.