Zip 58731 (Deering, ND) Economy


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United States / North Dakota / Minot Metro Area / McHenry County / No City / Deering (zip 58731)
58731 Deering, ND is a small town located in the northwestern region of North Dakota. With a population of less than 200 people, Deering is an excellent place for those looking for a quiet and peaceful life. The average cost of rent for a two bedroom apartment here in Deering is $810 which is considerably lower than the national average of $1,430. Additionally, living expenses like groceries are also relatively inexpensive with the Grocery Cost Index being 94 compared to 100 nationally.
Local businesses in 58731 Deering include Chira's Palace Café, Sunset Cleaners & Laundromat, Deering True Value Hardware Store, and Tuff Blox Inc. Chira's Palace Café offers delicious home-cooked meals that have been passed down through generations and Sunset Cleaners provide quality dry cleaning services all at great prices. Meanwhile, Deering True Value Hardware Store provides everything necessary for general repair and maintenance work around the house while Tuff Blox Inc manufactures storage boxes for agricultural purposes used by many local farmers.

Deering (zip 58731) has an unemployment rate of 6.8%. The US average is 6.0%.

Deering (zip 58731) has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.

Tax Rates for Deering (zip 58731)
- The Sales Tax Rate for Deering (zip 58731) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Deering (zip 58731) 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 Deering (zip 58731)
- The average income of a Deering (zip 58731) resident is $27,823 a year. The US average is $28,555 a year.
- The Median household income of a Deering (zip 58731) resident is $89,191 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDeering, North DakotaUnited States
  6.86
  -1.6%-6.2%
  19.1%33.5%
  5.0%6.2%
  2.0%4.6%
  $34,656$37,638
  $89,191$69,021
  $90,260$85,028
  Population by Occupation
  5.3%1.2%
  12.5%0.5%
  11.1%6.8%
  3.4%10.0%
  0.0%2.5%
  4.8%11.0%
  0.0%4.8%
  0.0%0.8%
  0.5%1.9%
  0.0%4.7%
  3.8%1.9%
  1.0%7.6%
  0.0%0.1%
  6.7%4.2%
  17.8%9.3%
  13.0%14.0%
  0.0%2.1%
  6.7%7.0%
  5.3%4.8%
  8.2%4.7%
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