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Places/ND/Grand Forks
County profile

Grand Forks

United States · GDP 2024
#655 of 3,127 US counties by GDPtop-quartile growthmore diversified than 74% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$5.9B
GDP growth
+7.5%
Jobs tracked
31,719
Employers
1,903
Avg. wage
$57.0k
Population
74,501
Labor & formation
Unemployment
1.6%
Median HH income
$68.1k±$4.3k
Business applications
628 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Alerus Financial CorporationFinancial Services———

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care32%
Retail trade23%
Food & accommodation17%
Manufacturing12%
Construction9%
Wholesale trade7%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
74,501
residents · 2025 · +1.9% since 2020
Income per capita $66.4k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−2,146
International migration+2,109
Natural change+1,437

GDP trend

2019–2024 · nominal
$4.3B
2019
$4.3B
2020
$4.5B
2021
$5.0B
2022
$5.5B
2023
$5.9B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$252.7k±$8.2k
Median gross rent
$992/mo±$35/mo
Vacancy rate
7.7%±1.4%
Affordability
4.4× wages
Residential permits
186 (2.5/1k pop)
FEMA risk score
57.7
HUD Fair Market Rent (2BR):$1.1k/mo · 2026
TOP PERILS · FEMA NRI
Winter weather 98Ice storm 92Hail 90
FHFA HOUSE PRICE INDEX · 2016–2025
439
2016
446
2017
447
2018
452
2019
459
2020
479
2021
525
2022
545
2023
566
2024
596
2025

Transport access

BTS · FAA · USACE
Nearest interstate
26.9 km
I-29
Nearest freight rail
0.3 km
BNSF
Nearest port
309.4 km
INTERNATIONAL FALLS
Nearest commercial airport
21.1 km
GRAND FORKS INTL
Filing activity
SEC EDGAR

5 filings from 1 company here in the last 90 days.

8-KAlerus Financial Corporation05-22
8-KAlerus Financial Corporation05-19
8-KAlerus Financial Corporation05-15
10-QAlerus Financial Corporation05-01
8-KAlerus Financial Corporation04-29
DEF 14AAlerus Financial Corporation04-01
8-KAlerus Financial Corporation03-31
10-KAlerus Financial Corporation03-04
8-KAlerus Financial Corporation02-26
8-KAlerus Financial Corporation01-28
Wage trend
BLS QCEW · 2019–2023
$57.0k
avg. annual pay · +19% since 2019
Similar US counties
nearest by GDP
Rockdale$5.9BPosey$5.9BTwin Falls$5.9BOrange$5.9BRandolph$6.0BPortage$5.8B
The read

Grand Forks's economy produced $5.9B in 2024, growing 7.5% year over year — faster than most US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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