Springvale, ND is a small and charming town with a population of about 3,200 people. It is known for its friendly atmosphere and low cost of living. The average two bedroom rent in Springvale is $890, which is much lower than the national average of $1,430. The grocery cost index in Springvale is 95 compared to 100 nationally which suggests that basic grocery items are quite inexpensive here. There are many local businesses in Springvale such as Rite-Way Hardware Store, JB's Restaurant and Bakery, and Doctor D's Family Dentistry. People who live here can enjoy the city's beauty while spending less money on everyday living costs than in larger cities.
Springvale has an unemployment rate of 3.7%. The US average is 6.0%.
Springvale 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 12.5%, which is lower than the US average of 33.5%.
Tax Rates for Springvale
- The Sales Tax Rate for Springvale is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Springvale 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 Springvale
- The average income of a Springvale resident is $20,582 a year. The US average is $37,638 a year.
- The Median household income of a Springvale resident is $0 a year. The US average is $69,021 a year.