Good Luck, ND is a small town with a population of around 1,000 people. It is located in the midwest and has several local companies that provide employment opportunities for its members. One of the most recognized businesses is Good Luck Bakery, which has been providing fresh baked goods for over 15 years. Other places of employment include Good Luck Hardware Store, High Plains Veterinary Services, and Stetler Trucking Inc.
The cost of living in Good Luck is quite low compared to other parts of the country. The average rent for a two bedroom home in Good Luck is only $1,080 per month versus an average US price tag of nearly $1,430 per month. Additionally, grocery prices are also lower than the national average with an index reading 97 versus 100 nationally. This makes it highly affordable to live comfortably in Good Luck while enjoying all the benefits associated with small town life.
Good Luck has an unemployment rate of 9.0%. The US average is 6.0%.
Good Luck has seen the job market decrease by -14.6% over the last year. Future job growth over the next ten years is predicted to be 2.8%, which is lower than the US average of 33.5%.
Tax Rates for Good Luck
- The Sales Tax Rate for Good Luck is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Good Luck 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 Good Luck
- The average income of a Good Luck resident is $29,877 a year. The US average is $37,638 a year.
- The Median household income of a Good Luck resident is $0 a year. The US average is $69,021 a year.