Raleigh, ND (ZIP code 58564) is a small town located in North Dakota. The two bedroom rent in Raleigh is $720, which is much lower than the national average of $1,430. Additionally, the grocery cost index in Raleigh is 92 versus 100 in the US. These low prices for housing and groceries make Raleigh an attractive place to live for people on a budget.
Raleigh’s local economy benefits from a number of companies contributing to its business climate. Companies such as RDO Equipment Co., Edgewood Vista Assisted Living & Memory Care, RDO Truck Center, and Eide Bailly LLP all have locations in Raleigh and are essential parts of the local economy. Furthermore, there are several smaller businesses such as Ace Hardware store and Frazier’s Bakery that contribute greatly to the city's overall economic health. With these companies combined, Raleigh experiences a thriving business climate that helps keep expenses low for residents and visitors alike.
Raleigh (zip 58564) has an unemployment rate of 3.3%. The US average is 6.0%.
Raleigh (zip 58564) has seen the job market decrease by -0.1% 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 Raleigh (zip 58564)
- The Sales Tax Rate for Raleigh (zip 58564) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Raleigh (zip 58564) 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 Raleigh (zip 58564)
- The average income of a Raleigh (zip 58564) resident is $57,892 a year. The US average is $37,638 a year.
- The Median household income of a Raleigh (zip 58564) resident is $52,083 a year. The US average is $69,021 a year.