Marion, ND is a great place to settle due to its affordable cost of living. Rent for a two-bedroom apartment is only $810, which is much lower than the national average of $1,430. The Grocery Cost Index in Marion is also 94 compared to the US index of 100. As such, residents are able to live comfortably on their income. There are several local companies in Marion that can provide employment opportunities. These include Ranchland Industries, an agricultural equipment manufacturing business; Marion County Grain and Bean Co., an agricultural processing company; and Walser Auto Group, a car dealership chain. With its low cost of living and ample job opportunities, Marion is an ideal place for both individuals and families looking for a new home.
Marion has an unemployment rate of 2.6%. The US average is 6.0%.
Marion has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Marion
- The Sales Tax Rate for Marion is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Marion 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 Marion
- The average income of a Marion resident is $34,476 a year. The US average is $28,555 a year.
- The Median household income of a Marion resident is $48,750 a year. The US average is $69,021 a year.