Schrunk, ND is a small town located off the beaten path in the Midwestern United States. Despite its small size, this rural community offers a variety of amenities and activities to those who live there. It is home to several local businesses such as The Groove Factory, Schrunk Springs Brewery Co., and Redaktion Music Shop. These companies provide employment opportunities and cultural enrichment for residents.
The cost of living in Schrunk, ND is significantly lower than national averages, making it very attractive for people on a budget. According to current statistics, 2 bedroom rent in Schrunk is $990 while the U.S. average 2 bedroom rent is $1,430; the grocery cost index in Schrunk is 93 versus 100 in the US. This makes living in Schrunk much more affordable than many other cities across America.
Schrunk has an unemployment rate of 4.1%. The US average is 6.0%.
Schrunk has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Schrunk
- The Sales Tax Rate for Schrunk is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Schrunk 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 Schrunk
- The average income of a Schrunk resident is $46,700 a year. The US average is $28,555 a year.
- The Median household income of a Schrunk resident is $126,500 a year. The US average is $69,021 a year.