Ferry, ND Economy


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Ferry, ND is a small town located in the United States. It offers affordable living expenses compared to national averages with two bedroom rent costing $1,000 and grocery cost index at 98 versus 100 nationally. The town has several local companies that boost its economy including the Ferry Country Club, the North Dakota Bakery, and the Shopping Center of Ferry. Tourists who come to Ferry can enjoy plenty of activities such as fishing on Lake Alexander or camping in Price Creek Park. There are various events held throughout the year including parades and festivals for citizens and visitors alike. In addition, there are many historical sites scattered around town that give insight into the area's past. All these points make Ferry an ideal place to visit or even live in!

Ferry has an unemployment rate of 4.0%. The US average is 6.0%.

Ferry 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 Ferry
- The Sales Tax Rate for Ferry is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ferry 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 Ferry
- The average income of a Ferry resident is $35,621 a year. The US average is $28,555 a year.
- The Median household income of a Ferry resident is $101,667 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFerry, North DakotaUnited States
  46
  -4.7%-6.2%
  33.1%33.5%
  5.0%6.2%
  2.0%4.6%
  $44,270$37,638
  $101,667$69,021
  $110,000$85,028
  Population by Occupation
  11.7%1.2%
  0.0%0.5%
  9.0%6.8%
  10.6%10.0%
  1.1%2.5%
  4.8%11.0%
  3.7%4.8%
  0.0%0.8%
  0.0%1.9%
  2.7%4.7%
  0.0%1.9%
  3.7%7.6%
  0.0%0.1%
  3.2%4.2%
  19.7%9.3%
  19.1%14.0%
  0.0%2.1%
  0.0%7.0%
  5.9%4.8%
  4.8%4.7%
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