Island Park, ND is a charming small city located in the Midwest region of the United States. It's close proximity to larger cities such as Minneapolis and Fargo make it an attractive option for those who prefer a quieter lifestyle with easy access to urban amenities. The cost of living is relatively low, with rent for a 2 bedroom apartment costing just $820 per month compared to the US average of $1,430. Groceries are also inexpensive with an index score of 95 versus 100 in the US. There are various local businesses and employers that help keep the economy vibrant such as Heritage Bank, Island Park Grain Elevator Co-Op, and T&T Construction Inc. No matter your lifestyle or budget, Island Park has something to offer everyone.
Island Park has an unemployment rate of 3.0%. The US average is 6.0%.
Island Park has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Island Park
- The Sales Tax Rate for Island Park is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Island Park 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 Island Park
- The average income of a Island Park resident is $29,874 a year. The US average is $28,555 a year.
- The Median household income of a Island Park resident is $139,375 a year. The US average is $69,021 a year.