Garness, ND is a small town located just outside of Minot. It has a thriving economy with several local companies that provide employment opportunities for residents. The most popular industries in Garness are agriculture, construction, and manufacturing. Some of the local businesses include two farms, a family-owned lumber mill, and an auto repair shop. The cost of living in Garness is relatively low compared to the national average with rent being only $950 for a two bedroom and grocery cost index being 98 versus 100 in the US. This makes it an attractive place to live for families looking for affordable housing options. Despite its small size, Garness is an exciting and diverse community with plenty of opportunities for its residents.
Garness has an unemployment rate of 6.5%. The US average is 6.0%.
Garness has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 3.5%, which is lower than the US average of 33.5%.
Tax Rates for Garness
- The Sales Tax Rate for Garness is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Garness 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 Garness
- The average income of a Garness resident is $59,049 a year. The US average is $28,555 a year.
- The Median household income of a Garness resident is $196,026 a year. The US average is $69,021 a year.