Painted Woods, ND is a small and quaint town situated in the rural area of North Dakota. It is known for its stunning nature and abundance of wildlife. Despite its location, it has all the amenities that one would expect from a town including two schools, a library, several restaurants, grocery stores, and banks. Local companies include Bob’s Auto Parts & Service for car repairs, Denny’s Grocery Store for food supply needs, and Smith & Sons Building Supply & Repair for home remodeling needs. The cost of rent in Painted Woods is relatively lower than the national average with a 2 bedroom renting at $930 versus the US average of $1,430. Additionally, Painted Woods also has low grocery costs as its index stands at 99 compared to 100 nationally.
Painted Woods has an unemployment rate of 4.1%. The US average is 6.0%.
Painted Woods has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Painted Woods
- The Sales Tax Rate for Painted Woods is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Painted Woods 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 Painted Woods
- The average income of a Painted Woods resident is $45,817 a year. The US average is $28,555 a year.
- The Median household income of a Painted Woods resident is $87,500 a year. The US average is $69,021 a year.