Economy in Colfax, North Dakota
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Economy
| Unemployment Rate | 4.20% | 9.10% |
| Recent Job Growth | 12.47% | -0.12% |
| Future Job Growth | 60.74% | 31.25% |
| Sales Taxes | 5.00% | 6.80% |
| Income Taxes | 5.54% | 6.25% |
| Income per Cap. | $21,893 | $27,067 |
| Household Income | $46,087 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 9.09% | 12.10% |
| Income between 15K and 25K | 12.12% | 10.18% |
| Income between 25K and 35K | 15.15% | 10.56% |
| Income between 35K and 50K | 18.18% | 14.98% |
| Income between 50K and 75K | 24.24% | 19.53% |
| Income between 75K and 100K | 12.12% | 12.52% |
| Income between 100K and 150K | 9.09% | 12.14% |
| Income between 150K and 250K | 0.00% | 3.91% |
| Income between 250K and 500K | 0.00% | 3.34% |
| Income greater than 500K | 0.00% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 15.56% | 13.81% |
| Professional and Related Occupations | 15.56% | 22.68% |
| Service | 13.33% | 14.51% |
| Sales and Office | 15.56% | 25.22% |
| Farming, Fishing, and Forestry | 2.22% | 0.68% |
| Construction, Extraction, and Maintenance | 11.11% | 9.37% |
| Production, Transportation, and Material Moving | 20.00% | 15.86% |
The unemployment rate in Colfax, ND, is 4.20%, with job growth of 12.47%. Future job growth over the next ten years is predicted to be 60.74%.
Colfax, ND Taxes
Colfax, ND,sales tax rate is 5.00%. Income tax is 5.54%.
Colfax, ND Income and Salaries
The income per capita is $21,893, which includes all adults and children. The median household income is $46,087.
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