Bloom, ND Economy


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Bloom, ND is an affordable rural town located in the United States. The cost of living is low, with two bedroom rents coming in at $480 and the Grocery Cost Index being 97 compared to 100 nationally. It's a great place for young families to settle down and start a life.
The area has many local companies that serve the community such as Bloom Hardware Store, which specializes in tools and home improvement supplies, Hanson Plumbing Services for all plumbing needs, Clarke Logistic Solutions for trucking services, and Stiles Consulting for business advice. All of these companies provide exceptional customer service and quality products.

Bloom has an unemployment rate of 4.0%. The US average is 6.0%.

Bloom has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Bloom
- The Sales Tax Rate for Bloom is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloom is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Bloom
- The average income of a Bloom resident is $26,220 a year. The US average is $28,555 a year.
- The Median household income of a Bloom resident is $98,929 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBloom, North DakotaUnited States
  46
  -0.3%-6.2%
  29.9%33.5%
  5.0%6.2%
  2.0%4.6%
  $67,316$37,638
  $98,929$69,021
  $105,417$85,028
  Population by Occupation
  8.1%1.2%
  2.9%0.5%
  0.0%6.8%
  16.6%10.0%
  5.8%2.5%
  4.5%11.0%
  8.4%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  1.3%7.6%
  0.0%0.1%
  0.0%4.2%
  3.2%9.3%
  22.1%14.0%
  1.6%2.1%
  4.2%7.0%
  8.1%4.8%
  13.0%4.7%
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