New Leipzig, North Dakota is a small town with a population of 585, located in Grant County. This rural community is known for its friendly people and affordable cost of living. It's estimated that the average 2 Bedroom Rent cost in New Leipzig is around $720, while the US average stands at $1,430. Likewise, the Grocery Cost Index here is 93 compared to 100 in the US. With these prices you can get more bang for your buck!
In New Leipzig there are many local businesses such as Farmer's Choice Inc., Langer Hardware Store and C&C Farms. Farmer’s Choice Inc specializes in providing fresh produce and quality meats from local farmers. Langer Hardware Store has been around since 1951 and offers all manner of tools and supplies needed for any home repair project. And finally, C&C Farms provides a variety of organic dairy products and eggs from their own farmstead chickens. All three businesses offer quality products at a great value for residents of New Leipzig!
New Leipzig (zip 58562) has an unemployment rate of 3.3%. The US average is 6.0%.
New Leipzig (zip 58562) 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 New Leipzig (zip 58562)
- The Sales Tax Rate for New Leipzig (zip 58562) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for New Leipzig (zip 58562) 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 New Leipzig (zip 58562)
- The average income of a New Leipzig (zip 58562) resident is $33,778 a year. The US average is $28,555 a year.
- The Median household income of a New Leipzig (zip 58562) resident is $59,886 a year. The US average is $69,021 a year.