Cayuga, ND is a small rural town located in the northwest part of the state. The town is home to many local businesses including a cooperative farm, a newspapers and printing press company, and an agricultural services provider. Rent for two bedrooms in Cayuga is significantly lower than the US average at $840 per month. Additionally, grocery costs are significantly lower than the US with an index of 90 versus 100 in the US. This makes living expenses very affordable and attractive to potential residents. The local economy is driven by farming and agricultural services as well as some light manufacturing businesses such as newspapers and printing presses.
Cayuga has an unemployment rate of 2.6%. The US average is 6.0%.
Cayuga has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 40.2%, which is higher than the US average of 33.5%.
Tax Rates for Cayuga
- The Sales Tax Rate for Cayuga is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Cayuga 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 Cayuga
- The average income of a Cayuga resident is $52,038 a year. The US average is $37,638 a year.
- The Median household income of a Cayuga resident is $71,250 a year. The US average is $69,021 a year.