Thompson, ND is a small town in North Dakota located near the Red River Valley. It is known for its low cost of living, with 2 bedroom rent being $810 compared to the US average of $1,430. The Grocery Cost Index in Thompson is also on par with the US average, making it an affordable place to live and visit. The town has several local businesses such as Ace Hardware, Thompson CashWise Foods, and Cenex Convenience Store that offer goods and services to residents. There are also a variety of restaurants in town including DQ Grill & Chill and Papa Murphy's Take 'N' Bake Pizza.
Thompson has an unemployment rate of 4.0%. The US average is 6.0%.
Thompson 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 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Thompson
- The Sales Tax Rate for Thompson is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Thompson 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 Thompson
- The average income of a Thompson resident is $29,961 a year. The US average is $28,555 a year.
- The Median household income of a Thompson resident is $104,286 a year. The US average is $69,021 a year.