Watford City, ND is a small town located in northwestern North Dakota. It has a population of about 7,500 people and is known for its oil production industry. The cost of rent in Watford City for a two bedroom apartment is $1,020 which is significantly cheaper than the national average of $1,430. Additionally, living costs are also lower with a Grocery Cost Index of 101 compared to 100 on the US level. Notable local companies include Watco Companies LLC., Alexander Energy Corporation and Oneok Partners LP to name a few. All in all, living in Watford City definitely helps you save money as rent and groceries cost less than they do across the United States.
Watford City has an unemployment rate of 7.8%. The US average is 6.0%.
Watford City has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 11.0%, which is lower than the US average of 33.5%.
Tax Rates for Watford City
- The Sales Tax Rate for Watford City is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Watford City 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 Watford City
- The average income of a Watford City resident is $33,155 a year. The US average is $28,555 a year.
- The Median household income of a Watford City resident is $76,366 a year. The US average is $69,021 a year.