Horace, ND is a small town in North Dakota with a population of 2,366 as of 2019. The median 2 bedroom rent in Horace is $840, which is much lower than the US average of $1,430. The Grocery Cost Index (GCI) for Horace stands at 103 whereas the US GCI is 100 so groceries in Horace are slightly more expensive on average.
There are several local companies offering goods and services for people living in or visiting Horace. Local grocery stores like Lynn's SuperValu and Stutsman County Co-op offer accessible items at reasonable prices when compared to national averages. Other establishments like McDonalds restaurant and Cashwise Liquor offer meals and drinks that are priced similarly to those outside Horace. Overall, the prices of goods and services in Horace are competitive with the national averages.
Horace (zip 58047) has an unemployment rate of 3.8%. The US average is 6.0%.
Horace (zip 58047) has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Horace (zip 58047)
- The Sales Tax Rate for Horace (zip 58047) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Horace (zip 58047) 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 Horace (zip 58047)
- The average income of a Horace (zip 58047) resident is $62,477 a year. The US average is $37,638 a year.
- The Median household income of a Horace (zip 58047) resident is $129,722 a year. The US average is $69,021 a year.