Munich, ND is a quaint town with plenty of character. The area is home to a variety of businesses such as Deavers Construction, J & J Trucking, Bismarck-Mandan Farmers Market, and A&B Grocery. The cost of living in Munich is pleasantly low. Rent for a two-bedroom apartment in Munich can be found at around $850 per month whereas the US average for the same type of housing is at $1,430 per month. Additionally, the grocery cost index in Munich is 93 compared to 100 in the U.S., making everyday essentials more affordable for residents.
Munich has an unemployment rate of 3.9%. The US average is 6.0%.
Munich has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Munich
- The Sales Tax Rate for Munich is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Munich 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 Munich
- The average income of a Munich resident is $27,385 a year. The US average is $28,555 a year.
- The Median household income of a Munich resident is $51,786 a year. The US average is $69,021 a year.