Grafton, ND is a small town with a population of 4,544. The city offers a lower cost of living than the rest of the country, with two-bedroom rents averaging around $820 per month. This is significantly lower than the national average for two-bedroom rent which is currently at $1,430 per month. The grocery cost index in Grafton is also 92 compared to 100 in the US which means that groceries are cheaper in this area.
Grafton has several local companies which include Dakota Growers Pasta Company LLC, which produces dried pasta products; North Country Feed Inc., a livestock feed company; and Western Edge Credit Union, which provides financial services to individuals and businesses. These businesses provide employment opportunities for many Grafton residents. Overall, Grafton offers an affordable cost of living compared to other cities in the United States making it an attractive place to live and work.
Grafton has an unemployment rate of 5.8%. The US average is 6.0%.
Grafton has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Grafton
- The Sales Tax Rate for Grafton is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Grafton 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 Grafton
- The average income of a Grafton resident is $36,227 a year. The US average is $37,638 a year.
- The Median household income of a Grafton resident is $50,273 a year. The US average is $69,021 a year.