Mekinock, ND is a small town located in the Grand Forks County of North Dakota. It is a rural community with a population of around 200 people. The cost of living in Mekinock is quite low, with 2 bedroom rents coming in at around $1,300, which is lower than the national average of $1,430. Additionally, the grocery cost index for Mekinock is 98 compared to 100 in the US.
The economy of Mekinock mainly revolves around agriculture and local businesses. Industries like farming, lumbering and printing have been long established here. Companies such as Mekinock Lumber Co, Olafson Printing Co., Grand Forks County Grain Exchange are some popular ones that have their operations based here.
Mekinock has an unemployment rate of 4.0%. The US average is 6.0%.
Mekinock 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 Mekinock
- The Sales Tax Rate for Mekinock is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Mekinock 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 Mekinock
- The average income of a Mekinock resident is $17,921 a year. The US average is $28,555 a year.
- The Median household income of a Mekinock resident is $67,411 a year. The US average is $69,021 a year.