Grace City, North Dakota (Zip code 58445) is a small town located in the southeastern corner of the state and home to just over 1,300 people. The town has an average two-bedroom rent rate of $850 which is lower than the US average of $1,430. Grace City also offers an affordable grocery cost index of 93 versus 100 in the US on average.
The economy in Grace City is largely composed of agriculture and manufacturing businesses such as John Deere and Unverferth Manufacturing Co. Other local companies include F & M Dairy Supply Inc., Jorgensen Steel, Horizon Industries, and Scott Diversified Industries LLC. These businesses help create jobs for local residents and contribute to economic stability in Grace City.
Grace City (zip 58445) has an unemployment rate of 3.1%. The US average is 6.0%.
Grace City (zip 58445) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Grace City (zip 58445)
- The Sales Tax Rate for Grace City (zip 58445) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Grace City (zip 58445) 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 Grace City (zip 58445)
- The average income of a Grace City (zip 58445) resident is $25,779 a year. The US average is $37,638 a year.
- The Median household income of a Grace City (zip 58445) resident is $73,047 a year. The US average is $69,021 a year.