Walburg, ND is a small rural community located in the heart of North Dakota. The cost of living is quite low compared to other areas in the US. According to recent data, two bedroom rental prices are $870 in Walburg versus $1,430 for two bedroom rentals on average across the US. Similarly, the Grocery Cost Index (GCI) in Walburg is 99 compared to 100 across the US.
Walburg has a number of local companies that contribute to the economy and provide jobs for its residents. These include Gackle Elevator Co., Walburg Cab Co., and Walensky Farms. All three companies have been around for many years and serve as important backbones to Walburg's economy.
Walburg has an unemployment rate of 3.8%. The US average is 6.0%.
Walburg 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 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Walburg
- The Sales Tax Rate for Walburg is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Walburg 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 Walburg
- The average income of a Walburg resident is $34,230 a year. The US average is $37,638 a year.
- The Median household income of a Walburg resident is $127,625 a year. The US average is $69,021 a year.