Leipzig, ND is a small town located in the Midwest of the United States. It’s known for its friendly people and peaceful atmosphere. Residents can take advantage of the low cost of living in Leipzig, with an average 2 bedroom rent rate of $720 compared to the US average of $1,430. Grocery costs are also much lower in Leipzig since the local Grocery Cost Index is 93 versus 100 in the US.
Local businesses that help to drive Leipzig's economy include The Candy Shoppe, a family-owned candy store that stocks a wide variety of treats. There's also Kitely Publishing House which publishes magazines and books about local art and culture. For outdoor activities, residents enjoy visiting Pine Valley Park for picnicking, fishing, and hiking or taking a stroll along Depot Street lined with colorful shops and restaurants.
Leipzig has an unemployment rate of 3.3%. The US average is 6.0%.
Leipzig has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 11.4%, which is lower than the US average of 33.5%.
Tax Rates for Leipzig
- The Sales Tax Rate for Leipzig is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Leipzig 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 Leipzig
- The average income of a Leipzig resident is $32,360 a year. The US average is $37,638 a year.
- The Median household income of a Leipzig resident is $0 a year. The US average is $69,021 a year.