Bowman, ND is a small town located in North Dakota with a population of around 3,000 people. It is a great place to live for those looking for a quiet, rural lifestyle. Rent in Bowman is significantly lower than the US average at $700 for a two bedroom apartment compared to $1,430 across the country. The grocery cost index in Bowman is also much lower than the US average at 100 versus 100 in the US. \nThis low-cost of living means more money available disposable income for residents. Bowman has local businesses such as McHenry Grocery Store, Bulwark Exterminating, Strang’s Health Food Store, and Dahlman’s Repair Shop that all take advantage of this low-cost of living by offering competitive prices on services and goods. All these factors come together to make Bowman an ideal and affordable place to live.
Bowman has an unemployment rate of 2.9%. The US average is 6.0%.
Bowman has seen the job market decrease by -8.9% over the last year. Future job growth over the next ten years is predicted to be 2.6%, which is lower than the US average of 33.5%.
Tax Rates for Bowman
- The Sales Tax Rate for Bowman is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bowman 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 Bowman
- The average income of a Bowman resident is $31,727 a year. The US average is $28,555 a year.
- The Median household income of a Bowman resident is $69,125 a year. The US average is $69,021 a year.