Forbes, ND is an attractive small town located in the heart of North Dakota. The cost of living is much lower than the US average, with two bedroom rent at $990 compared to $1,430 across the country. Grocery costs are also significantly lower with a grocery cost index of 93 versus 100 in the US. Forbes is home to many local businesses and services such as Doherty Insurance Agency, Forbes Veterinary Clinic, and Cenex Gas Station & Convenience Store. These companies offer fair prices for their services and products that cater to the budget-conscious consumer who appreciates quality goods at a reasonable price.
Forbes has an unemployment rate of 3.2%. The US average is 6.0%.
Forbes has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Forbes
- The Sales Tax Rate for Forbes is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Forbes 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 Forbes
- The average income of a Forbes resident is $32,508 a year. The US average is $37,638 a year.
- The Median household income of a Forbes resident is $86,000 a year. The US average is $69,021 a year.