Grace, ND Economy


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Grace, North Dakota is a small rural town located near the border of Montana and Saskatchewan. The cost of living in Grace is quite low, with two-bedroom apartments renting for just $820 per month compared to the US average of $1,430. Additionally, the Grocery Cost Index in Grace is 95 compared to 100 in the US. Despite its small size, Grace offers an array of local businesses and attractions for those who choose to visit or stay. For example, Edward's Bar & Grill serves up classic American dishes while Coyote Junction offers gift items from local artisans. For outdoor recreation, visitors can explore scenic walking trails at Three Affiliated Tribes Museum or take a boat ride down Lake Sakakawea. Other nearby attractions include Fort Union Trading Post National Historic Site and Theodore Roosevelt National Park. All in all, Grace is an affordable small town with plenty to offer its residents and visitors alike!

Grace has an unemployment rate of 4.0%. The US average is 6.0%.

Grace has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.

Tax Rates for Grace
- The Sales Tax Rate for Grace is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Grace 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 Grace
- The average income of a Grace resident is $50,428 a year. The US average is $28,555 a year.
- The Median household income of a Grace resident is $49,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrace, North DakotaUnited States
  46
  -4.7%-6.2%
  33.1%33.5%
  5.0%6.2%
  2.0%4.6%
  $15,309$37,638
  $49,583$69,021
Family Median Income 85028
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