Colvin, ND is a small town of about 1000 people located in Stutsman County. It is known for its low cost of living, with a 2 bedroom rent being $830 compared to the US average of $1,430. Grocery costs are also lower than the US average, with an index score of 90 compared to the US score of 100.
The town boasts plenty of local attractions and businesses such as the Colvin General Store, which is known for its wide variety of products from groceries to gifts. Other popular local attractions include The Center for Rural Life & Culture which celebrates the town’s rural heritage and The Strawberry Festival which takes place every summer.
Colvin has an unemployment rate of 5.3%. The US average is 6.0%.
Colvin has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Colvin
- The Sales Tax Rate for Colvin is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Colvin 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 Colvin
- The average income of a Colvin resident is $22,092 a year. The US average is $28,555 a year.
- The Median household income of a Colvin resident is $63,958 a year. The US average is $69,021 a year.