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Herman, ND Economy
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North Dakota
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Sargent County
/ Herman /
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Herman, ND is a small town with plenty of opportunities for residents to enjoy. It is surrounded by nature and has a low cost of living compared to other parts of the United States. The average two bedroom rent in Herman is only $810 compared to the US average two bedroom rent which is $1,430. Similarly, the Grocery Cost Index in Herman is 92 versus 100 in the US. Local businesses include Farmer's Co-op, Herman Family Foods, and Valley Financial Services. With its low cost of living and abundance of local businesses, Herman makes for an attractive place to live.
Income by Population Percent
Economy
Herman, North Dakota
United States
Unemployment Rate
2.6
6
Recent Job Growth
0.4%
-6.2%
Future Job Growth
40.2%
33.5%
Sales Taxes
5.0%
6.2%
Income Tax
2.0%
4.6%
Income per Cap.
$52,143
$37,638
Household Income
69021
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