Newburg, ND is a small town in North Dakota with a population of 5,8762 people. The average rent for a 2 bedroom home in Newburg is significantly lower than the national average at $810 per month. Additionally, the grocery cost index in Newburg is 94 compared to the national average of 100 which shows that groceries are relatively cheaper here than elsewhere.
Newburg offers several businesses such as D&R Machine Work Co., Inc., Knife River Sand & Gravel, and Appanoose Silo and Storage. These companies provide local residents with job opportunities and chances to contribute to their economy.
Overall, Newburg is an affordable place to live due to its low rent prices and grocery costs index. The great local businesses also make it a great place to live, work, or raise a family.
Newburg (zip 58762) has an unemployment rate of 7.5%. The US average is 6.0%.
Newburg (zip 58762) has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.
Tax Rates for Newburg (zip 58762)
- The Sales Tax Rate for Newburg (zip 58762) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Newburg (zip 58762) 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 Newburg (zip 58762)
- The average income of a Newburg (zip 58762) resident is $40,340 a year. The US average is $37,638 a year.
- The Median household income of a Newburg (zip 58762) resident is $62,813 a year. The US average is $69,021 a year.