Colfax, ND, (population 58018) is a small rural town with a reasonable cost of living. The 2 bedroom rent in this area is only $820 compared to the US average of $1,430; and the Grocery Cost Index here stands at 100, the same as the US national average. This makes it an attractive option for potential residents. Colfax offers many amenities such as its own museum, library, parks and recreation areas. It has several local businesses including a farmer's market featuring fresh produce from local farmers and vendors, barber shop's, restaurants, grocery stores and other retail establishments. Being in close proximity to Fargo also provides access to additional attractions and activities.
Colfax (zip 58018) has an unemployment rate of 3.5%. The US average is 6.0%.
Colfax (zip 58018) has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Colfax (zip 58018)
- The Sales Tax Rate for Colfax (zip 58018) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Colfax (zip 58018) 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 Colfax (zip 58018)
- The average income of a Colfax (zip 58018) resident is $37,582 a year. The US average is $37,638 a year.
- The Median household income of a Colfax (zip 58018) resident is $92,143 a year. The US average is $69,021 a year.