Gates, ND is a small, rural town located in the heart of North Dakota. It offers an affordable cost of living, with two bedroom rent averaging $810 versus the US average of $1,430. The Grocery Cost Index in Gates is 92 compared to 100 for the national average. This makes it an ideal place for those looking for a more budget-friendly lifestyle. The town hosts several local companies, such as Gate’s General Store, Smithfield Farms Dairy Farm and RV Supply Plus. These businesses provide essential goods and services to the community while also contributing to its economic growth.
Gates has an unemployment rate of 5.3%. The US average is 6.0%.
Gates has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Gates
- The Sales Tax Rate for Gates is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gates 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 Gates
- The average income of a Gates resident is $14,627 a year. The US average is $37,638 a year.
- The Median household income of a Gates resident is $20,000 a year. The US average is $69,021 a year.