Richburg, ND is a small town located in the northwestern part of the state. The town has a population of around 3,500 people and is known for its low cost of living. Rent for a two-bedroom apartment is just $820 per month, significantly lower than the national average rent of $1,430. Similarly, grocery prices are about 6% lower compared to prices across the United States.
The economy of Richburg is mainly driven by agriculture as many local farmers grow crops like wheat, corn, and barley on the vast plains surrounding the town. Other businesses in Richburg include Hux Insurance Group which specializes in property and casualty insurance; T&H Electric Services which provides electrical services; and Richburg RV Park which offers recreational vehicles for rent or purchase.
Richburg has an unemployment rate of 7.5%. The US average is 6.0%.
Richburg has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.
Tax Rates for Richburg
- The Sales Tax Rate for Richburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Richburg 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 Richburg
- The average income of a Richburg resident is $45,175 a year. The US average is $37,638 a year.
- The Median household income of a Richburg resident is $0 a year. The US average is $69,021 a year.