Grand Forks, North Dakota, the zip code 58203, is an excellent place to find affordable housing. The average two bedroom rent here is $860, substantially lower than the US average of $1,430. The local grocery cost index for this area is 98 compared to the national average of 100. Additionally, Grand Forks provides plenty of employment opportunities with a wide variety of companies. These include Altru Health System, University of North Dakota, Valley Dairy Products Inc., and Grand Forks Public Schools. According to a study done by USA Today in 2020, Grand Forks had an unemployment rate below 4%, one of the lowest in the nation. With its strong job market and low costs of living, Grand Forks has much to offer its residents.
Grand Forks (zip 58203) has an unemployment rate of 3.8%. The US average is 6.0%.
Grand Forks (zip 58203) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Grand Forks (zip 58203)
- The Sales Tax Rate for Grand Forks (zip 58203) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Grand Forks (zip 58203) 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 Grand Forks (zip 58203)
- The average income of a Grand Forks (zip 58203) resident is $27,742 a year. The US average is $37,638 a year.
- The Median household income of a Grand Forks (zip 58203) resident is $47,721 a year. The US average is $69,021 a year.