Ibsen, ND Economy


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Ibsen, ND is a small city located in the north-central part of the state with a population of just over 1,000 people. The cost of living in Ibsen is more affordable than US average as 2 bedroom rent costs only $830 compared to the US average at $1430. Additionally, grocery cost index is 95 versus 100 in the US. Local companies include B&B Carpet Cleaners, Dakota Trucking Service, and Ibsen Lumberyard. The city also has great recreational centers such as Biggs Park and an outdoor pool. There are also many local restaurants like New Rooftop Diner and Casa de Gallo Mexican Grill where residents can enjoy delicious meals. Overall, Ibsen offers its residents a safe and affordable place to live with plenty of activities to do and places to explore.

Ibsen has an unemployment rate of 3.5%. The US average is 6.0%.

Ibsen has seen the job market decrease by -4.0% 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 Ibsen
- The Sales Tax Rate for Ibsen is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ibsen 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 Ibsen
- The average income of a Ibsen resident is $42,254 a year. The US average is $28,555 a year.
- The Median household income of a Ibsen resident is $121,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIbsen, North DakotaUnited States
  3.56
  -2.5%-6.2%
  25.1%33.5%
  5.0%6.2%
  2.0%4.6%
  $36,474$37,638
  $121,250$69,021
  $132,500$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  0.0%10.0%
  17.1%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  2.9%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  17.1%4.2%
  28.6%9.3%
  34.3%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
Health
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