Fordville, ND is a small town located in Walsh County with a population of 58231 as of 2019. The cost of living here is relatively low compared to the national average. For example, 2 bedroom rent in Fordville is $980 a month while the US 2 Bedroom Rent average is $1,430 a month. Additionally, grocery costs are also lower in Fordville with an index of 90 versus the US Index of 100. This makes it an affordable place to live for many people.
There are several local businesses that make up part of the economy in Fordville including Walsh County Grain Inc., Emmet Eager & Associates CPA's PC, and First Community Credit Union. These companies provide various services to citizens in Fordville such as banking, accounting services, and grain sales. Residents benefit from their presence by having access to convenient local services while contributing to economic growth in the community at large.
Fordville (zip 58231) has an unemployment rate of 5.8%. The US average is 6.0%.
Fordville (zip 58231) has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Fordville (zip 58231)
- The Sales Tax Rate for Fordville (zip 58231) is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Fordville (zip 58231) 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 Fordville (zip 58231)
- The average income of a Fordville (zip 58231) resident is $35,572 a year. The US average is $37,638 a year.
- The Median household income of a Fordville (zip 58231) resident is $68,750 a year. The US average is $69,021 a year.