Norton, ND is a small town located in the north-east of North Dakota. It has a population of just over 2,000 people and is known for its affordable rent prices. The average two bedroom rent in Norton is only $740 compared to the national average of $1,430. The grocery cost index in Norton is also lower than the US average at 92 versus 100.
The economy in Norton is mainly driven by local businesses such as Great Plains Communications, Industrial Air Products Corporation, and Stutsman Realty. Great Plains Communications offers internet services to the area while Industrial Air Products manufactures specialty products used across multiple industries nationwide. Stutsman Realty provides real estate services including property management and sales.
Norton has an unemployment rate of 5.8%. The US average is 6.0%.
Norton has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Norton
- The Sales Tax Rate for Norton is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Norton is 2.0%. The US average is 4.6%.
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Income and Salaries for Norton
- The average income of a Norton resident is $50,644 a year. The US average is $37,638 a year.
- The Median household income of a Norton resident is $0 a year. The US average is $69,021 a year.