Steele, North Dakota is a small town located in Kidder County with a population of approximately 310 people. The cost of living in Steele is quite low compared to the US average; 2 bedroom rent in Steele is $840 while it is $1,430 on average across the US. Additionally, groceries are cheaper in Steele with a grocery cost index of 96 versus 100 in the US. There are some local businesses that make up Steele such as First State Bank, Bob's Hardware Store, and Hanson's Grocery Store. These local companies help to keep the cost of living low for locals by providing them with necessary goods and services at an affordable rate. This helps explain why rent and groceries costs are lower than those found elsewhere in the country.
Steele has an unemployment rate of 7.1%. The US average is 6.0%.
Steele has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 14.0%, which is lower than the US average of 33.5%.
Tax Rates for Steele
- The Sales Tax Rate for Steele is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Steele 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 Steele
- The average income of a Steele resident is $27,060 a year. The US average is $28,555 a year.
- The Median household income of a Steele resident is $47,273 a year. The US average is $69,021 a year.