Fessenden, ND Economy


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United States / North Dakota / No Metro Area / Wells County / Fessenden / Zip Codes
Fessenden, ND is a small town located in the heart of North Dakota. It offers many amenities for a reasonable cost of living. Rent for a two-bedroom home is only $760 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Fessenden is 92 versus 100 in the US. Local businesses provide convenience to those living in this area including grocery stores, banks, restaurants and medical care facilities. There are also interesting attractions to be found nearby such as the Summerland art museum and historical sites like Fort Totten State Historic Site. Fessenden provides plenty of opportunities for an enjoyable life at an affordable cost!

Fessenden has an unemployment rate of 5.5%. The US average is 6.0%.

Fessenden has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 20.3%, which is lower than the US average of 33.5%.

Tax Rates for Fessenden
- The Sales Tax Rate for Fessenden is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Fessenden 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 Fessenden
- The average income of a Fessenden resident is $30,011 a year. The US average is $28,555 a year.
- The Median household income of a Fessenden resident is $61,731 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFessenden, North DakotaUnited States
  5.56
  -0.1%-6.2%
  20.3%33.5%
  7.0%6.2%
  2.0%4.6%
  $32,930$37,638
  $61,731$69,021
  $88,125$85,028
  Population by Occupation
  17.2%1.2%
  2.3%0.5%
  1.7%6.8%
  4.0%10.0%
  9.2%2.5%
  6.0%11.0%
  2.3%4.8%
  0.9%0.8%
  0.0%1.9%
  4.6%4.7%
  0.0%1.9%
  12.6%7.6%
  0.0%0.1%
  2.9%4.2%
  9.5%9.3%
  8.9%14.0%
  0.0%2.1%
  8.9%7.0%
  2.6%4.8%
  6.3%4.7%
Health
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