Eldred, ND is a rural town located in the western part of North Dakota. It has a small population and is known for its small-town charm. In terms of rent, a two-bedroom apartment costs around $1,000 per month which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Eldred is 97 versus 100 in the US meaning groceries are slightly cheaper here than the national average. Local businesses include a gas station, pharmacy, bank, hardware store and several small cafes. Overall, Eldred is an affordable place to live with many amenities available for residents.
Eldred has an unemployment rate of 3.8%. The US average is 6.0%.
Eldred has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Eldred
- The Sales Tax Rate for Eldred is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Eldred 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 Eldred
- The average income of a Eldred resident is $31,391 a year. The US average is $28,555 a year.
- The Median household income of a Eldred resident is $109,500 a year. The US average is $69,021 a year.