Watson, ND is a small town located in North Dakota with a population of around 2,000 people. Its economy is mainly based on agriculture and local businesses. Some of the most prominent companies in Watson are O'Brien's Feeds, a family owned ranch-to-table feed store that provides agricultural products for farmers and ranchers; Watson Livestock Exchange, where local animals are sourced and sold; and Watson Discount Store, which provides everyday essentials at discounted prices. These companies contribute to the local economy by providing goods and services to the community while also creating jobs. Furthermore, the low cost of living allows locals to save money on rent ($820) and groceries (98 versus 100 in the US). This makes it easier for citizens to live comfortably without having to worry about expenses.
Watson has an unemployment rate of 3.8%. The US average is 6.0%.
Watson has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Watson
- The Sales Tax Rate for Watson is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Watson 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 Watson
- The average income of a Watson resident is $144,108 a year. The US average is $37,638 a year.
- The Median household income of a Watson resident is $0 a year. The US average is $69,021 a year.