Located in the heart of North Dakota, Colgate is a small town with a population of approximately 300 people. It is home to many businesses such as Spare Time Grocery and The Barntique Boutique. Residents enjoy the convenience of having these local stores within walking distance, as well as low housing rentals and cost-of-living expenses. Renting a two bedroom apartment costs only $840 compared to the US average of $1,430, and prices for groceries are 94 compared to the national average of 100. Living in Colgate also provides access to outdoor activities such as fishing, camping, and hiking at nearby Beaver Lake Park. With its friendly residents and small hometown charm, Colgate is an ideal community to live in.
Colgate has an unemployment rate of 3.5%. The US average is 6.0%.
Colgate has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Colgate
- The Sales Tax Rate for Colgate is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Colgate 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 Colgate
- The average income of a Colgate resident is $26,474 a year. The US average is $37,638 a year.
- The Median household income of a Colgate resident is $114,712 a year. The US average is $69,021 a year.