New Town, ND is a small city located in the northeast corner of the state. It is known for its affordable housing options and low cost of living, making it an attractive place to live. The average rent for a two-bedroom apartment in New Town is only $810, which is significantly lower than the national average of $1,430. The grocery cost index in New Town is also much lower than the national average at 99 versus 100.
The city has a few local businesses including Kalberer Energy Equipment, Kist Livestock Company, and Sodak Trading Company. There are many benefits to living in New Town including no state income tax on wages, low cost of living, access to outdoor recreation such as fishing and hunting in nearby parks or lakes, and a friendly community atmosphere. Living in New Town means you can enjoy all the benefits of small town life without sacrificing convenience or affordability.
New Town has an unemployment rate of 4.6%. The US average is 6.0%.
New Town has seen the job market decrease by -10.9% over the last year. Future job growth over the next ten years is predicted to be 1.6%, which is lower than the US average of 33.5%.
Tax Rates for New Town
- The Sales Tax Rate for New Town is 5.0%. The US average is 7.3%.
- The Income Tax Rate for New Town is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for New Town
- The average income of a New Town resident is $24,064 a year. The US average is $37,638 a year.
- The Median household income of a New Town resident is $56,066 a year. The US average is $69,021 a year.