Zip 58533 (Elgin, ND) Economy


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United States / North Dakota / No Metro Area / Grant County / Elgin / Elgin (zip 58533)
58533 Elgin, ND is located in northeast North Dakota. It has a small population of just over 600 people and is a great place to raise a family. Elgin has low rent costs compared to the national average, with 2 bedroom apartments typically renting for $700 per month. Additionally, groceries are also inexpensive in Elgin due to its low Grocery Cost Index of 93 versus 100 nationally.
Elgin has many local businesses that provide jobs for local residents; from restaurants to convenience stores, there are many opportunities available within the city limits. Some notable businesses include The Diesel Shop Truck Stop, Beaner's Coffee House & Brewery, and I-State Truck Center. Each business offers unique job openings ranging from entry-level positions such as baristas at Beaner's or sales associates at I-State Truck Center to highly skilled positions such as mechanics at The Diesel Shop Truck Stop. Furthermore, some businesses have been known to hire part-time workers for seasonal activities like festivals and events held in Elgin throughout the year.

Elgin (zip 58533) has an unemployment rate of 3.3%. The US average is 6.0%.

Elgin (zip 58533) has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 11.4%, which is lower than the US average of 33.5%.

Tax Rates for Elgin (zip 58533)
- The Sales Tax Rate for Elgin (zip 58533) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elgin (zip 58533) 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 Elgin (zip 58533)
- The average income of a Elgin (zip 58533) resident is $29,718 a year. The US average is $28,555 a year.
- The Median household income of a Elgin (zip 58533) resident is $56,705 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElgin, North DakotaUnited States
  3.36
  -0.1%-6.2%
  11.4%33.5%
  6.0%6.2%
  2.0%4.6%
  $35,667$37,638
  $56,705$69,021
  $71,250$85,028
  Population by Occupation
  17.8%1.2%
  1.5%0.5%
  10.1%6.8%
  2.6%10.0%
  5.4%2.5%
  8.1%11.0%
  1.7%4.8%
  2.6%0.8%
  0.4%1.9%
  6.4%4.7%
  0.0%1.9%
  1.9%7.6%
  0.0%0.1%
  0.6%4.2%
  12.0%9.3%
  18.4%14.0%
  0.0%2.1%
  2.8%7.0%
  5.4%4.8%
  2.4%4.7%
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