Grand Forks County · North Dakota · Midwest · 59k residents
Grand Forks, ND: economy, jobs & business costs
The site-selection read on Grand Forks: labor costs, talent, corporate tax, energy, and business activity, with the North Dakota median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,183/wk. North Dakota's corporate income tax rate is 4.31%. Commercial electricity averages 7.2¢/kWh.
Compare Grand Forks side by side
Avg. weekly wage
$1,183/wk
Corporate income tax
4.31%
Bachelor's degree or higher
40%
Commercial electricity
7.2¢/kWh
Economic momentum
How fast Grand Forks's economy is moving, ranked against the US cities we track.
58/100
Steady
Ranks Grand Forks's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $249,900 |
| Price per sq. ft. | $165 |
| Property tax rate | 0.98% |
| 1-bedroom rent | $823/mo |
| 2-bedroom rent | $967/mo |
| State & local income tax | 0% |
| Sales tax | 7% |
| Corporate income tax | 4.31% |
| Avg. weekly wage | $1,183/wk |
| Bachelor's degree or higher | 40% |
| Commercial electricity | 7.2¢/kWh |
| Businesses per 1k residents | 38.0/1k |
| Wage: Software developer | $92,120 |
| Wage: Registered nurse | $79,070 |
| Wage: General manager | $85,420 |
| Wage: Customer service | $42,560 |
| Wage: Warehouse worker | $35,460 |
| Wage: Heavy truck driver | $59,360 |
| Wage: Electrician | $69,710 |
| Wage: Retail salesperson | $34,440 |
| Cost of living index | 83 |
| Groceries index | 97 |
| Utilities | $140/mo |
| Transit pass | $40/mo |
| Gas price | $3.05/gal |
| Healthcare index | 98 |
| Childcare (per child) | $950/mo |
| Median household income | $63,627 |
| Unemployment rate | 2.3% |
| Population | 59k |
| Crime index | 42/100 |
| School rating | 6.0/10 |
| Walkability | 34/100 |
| Disaster risk | 58/100 |
| Avg. commute | 18 min |
| Sunny days / year | 200 days |
| July high | 80°F |
| January low | -1°F |
| Annual snowfall | 49 in |
| Home price YoY | +7.6% |
| Home price MoM | +0.4% |
| Rent YoY | +7.7% |
| Rent MoM | +0.7% |
| Employment (jobs) YoY | +0.9% |
| Building permits YoY | -10.3% |
| Ocean coast | 1165 mi |
| Big lake | 198 mi |
| Mountains | 275 mi |
| Major airport | 69 mi |
| Ski resort | 240 mi |
Popular comparisons
Nearby
- Fargo, ND · 132k
- West Fargo, ND · 40k
- Jamestown, ND · 16k
- Bismarck, ND · 76k
- Mandan, ND · 25k
Similar size
- Minot, ND · 48k
- Williston, ND · 28k
- Dickinson, ND · 25k
Real listings in Grand Forks
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Grand Forks a good place to run a business?
- North Dakota's corporate income tax rate is 4.31%; average weekly wages in the surrounding labor market run $1,183/wk; commercial electricity averages 7.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Grand Forks, ND?
- Grand Forks indexes at 83 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $967/mo and a acs median home value of $249,900.
- How much does a house cost in Grand Forks?
- The acs median home value in Grand Forks is $249,900 (Census ACS estimate; individual listings vary).
- How much is rent in Grand Forks?
- A two-bedroom in Grand Forks rents for about $967/mo.