Severn, ND is a small town with a population of just over 1,000 people. It is located near the border of North and South Dakota. Despite its small size, the town offers plenty of amenities for its residents. Rent for two bedroom apartments in Severn is significantly lower than the national average at only $810 a month. Additionally, grocery costs are considerably more affordable than the national index score of 100; it sits at 95. Residents of Severn frequently patronize local businesses such as the Farmers Union Co-op, which offers fuel, grain processing services and farm supplies. There’s also Martin’s Super Valu grocery store, Flower Valley Veterinary Clinic and Peoples Exchange Bank for banking needs.
Severn has an unemployment rate of 4.0%. The US average is 6.0%.
Severn 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 Severn
- The Sales Tax Rate for Severn is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Severn 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 Severn
- The average income of a Severn resident is $36,489 a year. The US average is $28,555 a year.
- The Median household income of a Severn resident is $111,250 a year. The US average is $69,021 a year.