Martin, ND Economy


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United States / North Dakota / No Metro Area / Sheridan County / Martin / Zip Codes
Martin, ND is a small town located in the Midwestern region of the United States. It offers a comfortable living environment with affordable rental prices and a relatively low grocery cost index. Rent for two bedrooms is around $800 while the U.S average is $1,430 making it an attractive option for those looking to move to the area on more limited budgets. Local companies in Martin include Nate’s Bar and Grill, The Hitching Post Restaurant, and Englewood Market & Deli. Popular local attractions includes Lewis & Clark State Park, which offers picturesque views and plenty of outdoor activities like fishing, hiking, and horseback riding; High Pointe Golf Course which features 18 holes perfect for experienced golfers or those learning the game; and Camp Tesomas which provides excellent camping sites as well as fun programs for all ages.

Martin has an unemployment rate of 7.3%. The US average is 6.0%.

Martin has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.

Tax Rates for Martin
- The Sales Tax Rate for Martin is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Martin 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 Martin
- The average income of a Martin resident is $34,624 a year. The US average is $28,555 a year.
- The Median household income of a Martin resident is $51,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMartin, North DakotaUnited States
  7.36
  -0.2%-6.2%
  19.0%33.5%
  5.0%6.2%
  2.0%4.6%
  $32,392$37,638
  $51,125$69,021
  $52,031$85,028
  Population by Occupation
  5.6%1.2%
  0.0%0.5%
  33.3%6.8%
  0.0%10.0%
  0.0%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  22.2%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  25.0%14.0%
  0.0%2.1%
  2.8%7.0%
  5.6%4.8%
  5.6%4.7%
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