Towner, ND is a small town located in the state of North Dakota. It offers a low cost of living with 2 bedroom rent at $810 compared to the US average of $1,430. Grocery and other items are also less expensive with an index score of 93 versus 100 for the US.
The local economy is driven by several companies such as Towner Building Supply, WalMart, KFC, Dollar General Store and Burger King. The economic opportunities offered by these businesses helps to boost the local economy and create jobs in the area. Additionally, there are many small businesses that cater to the needs of visitors and locals alike such as gift shops, restaurants, hotels and more.
Towner has an unemployment rate of 6.8%. The US average is 6.0%.
Towner has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.
Tax Rates for Towner
- The Sales Tax Rate for Towner is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Towner 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 Towner
- The average income of a Towner resident is $29,583 a year. The US average is $28,555 a year.
- The Median household income of a Towner resident is $41,875 a year. The US average is $69,021 a year.