Buford, ND Economy


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Buford, ND is a small town located in the Great Plains region of the United States. It is known for its friendly people, small-town charm and low cost of living. The average 2 bedroom rent in Buford is $690, which is significantly lower than the US average rent of $1,430. Additionally, the Grocery Cost Index in Buford is 101 versus 100 in the US, providing additional value for those who live there. The town has several local businesses including a grocery store, gas station, and hardware store. There are also several restaurants and cafes that serve traditional dishes like steak and potatoes as well as popular fast food items. Buford is a wonderful place to live and work with many amenities that make it an attractive option for those looking to save money while maintaining quality of life.

Buford has an unemployment rate of 9.0%. The US average is 6.0%.

Buford 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 3.3%, which is lower than the US average of 33.5%.

Tax Rates for Buford
- The Sales Tax Rate for Buford is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Buford 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 Buford
- The average income of a Buford resident is $67,154 a year. The US average is $28,555 a year.
- The Median household income of a Buford resident is $133,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBuford, North DakotaUnited States
  96
  -14.6%-6.2%
  3.3%33.5%
  6.0%6.2%
  2.0%4.6%
  $32,107$37,638
  $133,750$69,021
Family Median Income 85028
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