Palermo, ND is a small yet vibrant city located in the eastern part of North Dakota. It offers a great quality of life for its citizens and visitors alike. The city is known for its diverse range of businesses and attractions, from local eateries to the Palermo Museum and historic cemetery. Residents can benefit from low rental costs with an average two bedroom rent being just $850 compared to $1,430 across the US. Grocery costs are also lower than the national average index at 98 versus 100 in the US. There are many local shops and restaurants available in Palermo including J&B Deli, Steever Café and Market Square Pizza. For outdoor activities there are plenty of parks such as Palermo Park and Wildflower Park to explore as well as nearby fishing spots on Lake Sakakawea. With plenty of activities to choose from, Palermo is an excellent place to live or visit – no matter what you’re looking for!
Palermo has an unemployment rate of 4.6%. The US average is 6.0%.
Palermo has seen the job market decrease by -10.9% over the last year. Future job growth over the next ten years is predicted to be 0.2%, which is lower than the US average of 33.5%.
Tax Rates for Palermo
- The Sales Tax Rate for Palermo is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Palermo 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 Palermo
- The average income of a Palermo resident is $28,491 a year. The US average is $37,638 a year.
- The Median household income of a Palermo resident is $0 a year. The US average is $69,021 a year.