Colquhoun, ND is a small rural town located in the state of North Dakota. The area is known for its peaceful atmosphere and low cost of living. The average rent for a two-bedroom apartment in Colquhoun is just $860 per month, which is nearly 40% less than the national average of $1,430. Additionally, grocery costs are also much lower compared to other parts of the country with its Grocery Cost Index sitting at 94 versus 100 in the US.
The town is home to some prominent local businesses such as Colquhoun Grain & Feed Inc., Rader Farms, and Hulse's Concrete Inc. These companies offer great employment opportunities for the locals with positions ranging from agricultural workers to heavy equipment operators. There are also plenty of freelance positions available through companies such as Upwork and Freelancer for those who are looking for work remotely or from their own homes.
Colquhoun has an unemployment rate of 4.3%. The US average is 6.0%.
Colquhoun has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for Colquhoun
- The Sales Tax Rate for Colquhoun is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Colquhoun 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 Colquhoun
- The average income of a Colquhoun resident is $29,195 a year. The US average is $37,638 a year.
- The Median household income of a Colquhoun resident is $0 a year. The US average is $69,021 a year.