Almont, ND Economy


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Almont, ND is a small town situated in the northern part of the state. It is a rural community with a population of under 500 and is known for its unique outdoor activities and attractions. Generally, 2 bedroom rent in Almont costs around $800 which is significantly lower than the US average of $1,430. The grocery cost index in Almont is also low at 96 whereas it is 100 in the US.
Almont has some local companies including Big Sky Lawn Care & Maintenance, Chasman Photography, G&L Real Estate Services, RK Construction, WCF Trucking Inc., and others. These businesses provide jobs to residents and keep the economy going.

Almont has an unemployment rate of 5.3%. The US average is 6.0%.

Almont has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.

Tax Rates for Almont
- The Sales Tax Rate for Almont is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Almont 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 Almont
- The average income of a Almont resident is $34,928 a year. The US average is $37,638 a year.
- The Median household income of a Almont resident is $112,868 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlmont, North DakotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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