Sherbrooke, ND is an affordable place to live with a cost of living that is significantly lower than the US average. The 2 Bedroom Rent in Sherbrooke, ND is only $800 compared to the US average of $1,430 while the Grocery Cost Index in Sherbrooke, ND is 93 compared to 100 in the US. This makes Sherbrooke an ideal location for those looking for a low cost of living. The city has numerous local companies including North Dakota Wheat Growers, Cenex Harvest States Co-op, and the Northern Plains Railroad. These companies offer employment opportunities for locals and visitors alike which contribute to the economy and help keep costs of living low.
Sherbrooke has an unemployment rate of 3.5%. The US average is 6.0%.
Sherbrooke has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Sherbrooke
- The Sales Tax Rate for Sherbrooke is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Sherbrooke 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 Sherbrooke
- The average income of a Sherbrooke resident is $64,573 a year. The US average is $28,555 a year.
- The Median household income of a Sherbrooke resident is $127,188 a year. The US average is $69,021 a year.