Spring Lake, ND is a small city located in the eastern part of the state. It is home to many small businesses ranging from grocery stores and restaurants to clothing retailers and auto-shops. According to Apartment List, the median 2 Bedroom rent in Spring Lake, ND is $740 per month - significantly lower than the US median of $1,430. Additionally, Numbeo's Cost of Living Index shows that the Grocery Cost Index in Spring Lake is 103 versus 100 in the US. This data indicates that Spring Lake offers residents an affordable cost of living compared to other cities across America. Some local companies that contribute to the city's economy include Walmart Supercenter, Pizza Hut, Hardee's, Sunmart Foods, Walgreens and Spring Lake Auto Service. With its convenient location and low cost of living, it is no wonder why many Americans make Spring Lake their permanent home.
Spring Lake has an unemployment rate of 6.0%. The US average is 6.0%.
Spring Lake has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 11.1%, which is lower than the US average of 33.5%.
Tax Rates for Spring Lake
- The Sales Tax Rate for Spring Lake is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Spring Lake 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 Spring Lake
- The average income of a Spring Lake resident is $65,513 a year. The US average is $37,638 a year.
- The Median household income of a Spring Lake resident is $0 a year. The US average is $69,021 a year.