Grand Forks, ND Metro Area is a great place to live. It offers residents an affordable cost of living while still providing access to big city amenities. 2 bedroom rent in Grand Forks is $890, which is much cheaper than the national average of $1,430. The Grocery Cost Index for Grand Forks is 97 compared to 100 for the US. Local employers include Altru Health System, University of North Dakota, Sanford Health, Tesoro Companies Inc., and Verendrye Electric Cooperative Inc. Overall, Grand Forks has a very reasonably priced cost of living and many job opportunities for its residents.
Grand Forks Metro Area has an unemployment rate of 4.3%. The US average is 6.0%.
Grand Forks Metro Area has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.
Tax Rates for Grand Forks Metro Area
- The Sales Tax Rate for Grand Forks Metro Area is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Grand Forks Metro Area 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 Grand Forks Metro Area
- The average income of a Grand Forks Metro Area resident is $27,154 a year. The US average is $28,555 a year.
- The Median household income of a Grand Forks Metro Area resident is $58,338 a year. The US average is $69,021 a year.