Loquemont, ND is a small city located in the North Dakota area of the United States. It has a population size of around 6,000 people and a median income of $51,000. Rent for two bedroom apartments in Loquemont is quite affordable at $930 per month as compared to the US average of $1,430. Grocery Cost Index in Loquemont is also much lower than the national average at 95 compared to 100 in the US.
The local companies that operate within Loquemont include Spade’s Grocery Store, Baxter’s Hardware Store, and Wellsburg Auto Repair Shop. All these businesses are family-run and have been providing quality services to people living in Loquemont for many years. They offer competitive prices and excellent customer service that make them popular amongst locals.
Loquemont has an unemployment rate of 4.9%. The US average is 6.0%.
Loquemont has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Loquemont
- The Sales Tax Rate for Loquemont is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Loquemont 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 Loquemont
- The average income of a Loquemont resident is $36,025 a year. The US average is $28,555 a year.
- The Median household income of a Loquemont resident is $72,000 a year. The US average is $69,021 a year.