McLeod, ND is a small town located in the state of North Dakota. The overall cost of living in McLeod is relatively low compared to other places as seen by the rental price for two bedrooms being only $830, which is significantly less than the US average of $1,430. Furthermore, the Grocery Cost Index in McLeod is 92 compared to 100 in the US. Despite its small size, McLeod has a variety of local companies and businesses including G&K Repair Shop, McLeod Cafe & Catering, and Country Store. Additionally there are several churches and civic organizations that call McLeod home. Overall, the community of McLeod provides residents with a peaceful atmosphere while offering an array of amenities and activities to enjoy.
McLeod has an unemployment rate of 3.0%. The US average is 6.0%.
McLeod has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for McLeod
- The Sales Tax Rate for McLeod is 7.0%. The US average is 7.3%.
- The Income Tax Rate for McLeod 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 McLeod
- The average income of a McLeod resident is $17,600 a year. The US average is $28,555 a year.
- The Median household income of a McLeod resident is $95,625 a year. The US average is $69,021 a year.