Peterson, ND is a small city located in the northeastern region of North Dakota. This quaint town is home to around 1,400 residents. In Peterson, ND, it is much more affordable to rent than it is in other US cities with two-bedroom apartments costing $820 per month on average compared to the national average of $1,430. Furthermore, the cost of groceries in Peterson, ND are also very reasonable with an index score of 93 versus 100 for the US as a whole.
Local companies and amenities in Peterson include grocery stores such as Top Hat Country Store and Hankinson Family Foods, hardware stores like K&K Do It Best Hardware and Feed Store Inc., restaurants like Rolling Hills Cafe & Lounge and Chef's Table Restaurant & Bar. Additionally, there are several parks throughout the city including Peterson Park and Rohn Park that are great places to spend time outdoors or relax with family.
Peterson has an unemployment rate of 4.0%. The US average is 6.0%.
Peterson has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Peterson
- The Sales Tax Rate for Peterson is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Peterson 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 Peterson
- The average income of a Peterson resident is $30,345 a year. The US average is $28,555 a year.
- The Median household income of a Peterson resident is $210,357 a year. The US average is $69,021 a year.