Farina, ND is a small rural town with a population of only 600 people. Despite its size, Farina offers its residents many amenities that make it an attractive place to live. The two bedroom rent in Farina is much lower than the national average of $1,430, making the cost of living more affordable. Additionally, the Grocery Cost Index in Farina is 94 versus 100 in the US - further decreasing expenses for homeowners. With a quiet atmosphere and easy access to nature, Farina makes for an ideal home for those looking for a slower pace of life. Local businesses include Anderson's Hardware Store, which has been serving their community since 1940s; the Green Valley Golf Course; as well as The Palms Restaurant & Bar. In short, Farina is a great option for those seeking small-town charm without compromising on modern conveniences.
Farina has an unemployment rate of 4.4%. The US average is 6.0%.
Farina has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 15.1%, which is lower than the US average of 33.5%.
Tax Rates for Farina
- The Sales Tax Rate for Farina is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Farina 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 Farina
- The average income of a Farina resident is $21,207 a year. The US average is $28,555 a year.
- The Median household income of a Farina resident is $117,143 a year. The US average is $69,021 a year.