Southwest, ND is a great place to live for those looking for a more affordable lifestyle. The average 2 bedroom rent in Southwest, ND is $730, compared to the US average of $1,430. Additionally, the Grocery Cost Index in Southwest is 92 versus 100 in the US, indicating that food items are cheaper here than other places. Local businesses such as Hometown Meats & Deli and Reily's Bakery offer quality groceries and goods at much lower prices than other regional stores. Southwest is also home to several small businesses such as Sunrise Excavating and B & L Construction that provide job opportunities to members of the local community. As a result of its affordability and local businesses, Southwest ND has become an attractive option for many looking for a new home or workplace.
Southwest has an unemployment rate of 2.6%. The US average is 6.0%.
Southwest has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 40.2%, which is higher than the US average of 33.5%.
Tax Rates for Southwest
- The Sales Tax Rate for Southwest is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Southwest 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 Southwest
- The average income of a Southwest resident is $28,878 a year. The US average is $37,638 a year.
- The Median household income of a Southwest resident is $0 a year. The US average is $69,021 a year.