Goodrich, ND is a small town located in Nelson County with a population of approximately 488 people. The cost of living in Goodrich is relatively low with the average 2-bedroom rent at $860 compared to the national average of $1,430. Additionally, the grocery cost index in Goodrich is 91 versus 100 in the US.
The main industries in Goodrich are agriculture and oil extraction. Many locals also work for businesses such as Central Equipment Company and Farm Service Agency. Local attractions include Wolf Creek Golf Course and Lake Elsie State Recreation Area where there are plenty of outdoor activities and trails for hiking or biking. The town also hosts an annual summer festival which includes a parade, food stalls, and live music.
Goodrich has an unemployment rate of 7.3%. The US average is 6.0%.
Goodrich has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Goodrich
- The Sales Tax Rate for Goodrich is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Goodrich 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 Goodrich
- The average income of a Goodrich resident is $24,804 a year. The US average is $28,555 a year.
- The Median household income of a Goodrich resident is $68,393 a year. The US average is $69,021 a year.