Powers Lake, ND is a small town located in North Dakota. It is known for its rural atmosphere and tight-knit community. The cost of living is low compared to other cities in the United States, with two bedroom rental costs being $950 and a grocery cost index at 98 versus 100 nationally. The town also offers many attractions and amenities that draw people in from all over the state. Popular companies include Polaris Industries, which manufactures recreational vehicles, as well as BNSF Railway.
The beauty of Powers Lake makes it an ideal place to live in North Dakota for those who value quaintness and natural beauty. With its low cost of living and access to many attractions, such as biking trails, fishing spots, and nearby parks, families can find plenty of activities to do without breaking the bank. All these features make Powers Lake a desirable place to call home.
Powers Lake has an unemployment rate of 6.5%. The US average is 6.0%.
Powers Lake has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 3.5%, which is lower than the US average of 33.5%.
Tax Rates for Powers Lake
- The Sales Tax Rate for Powers Lake is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Powers Lake 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 Powers Lake
- The average income of a Powers Lake resident is $27,693 a year. The US average is $28,555 a year.
- The Median household income of a Powers Lake resident is $88,750 a year. The US average is $69,021 a year.