Benedict, North Dakota is a small town located in central North Dakota with a population of just over 1,000 people. The city has many local businesses such as the Benedict Supply Co., which provides farm and home supplies, and the Benedict Farmers Elevator, which offers grain storage services and agricultural products.
The cost of living in Benedict is quite affordable. The average 2 bedroom rent price is $850 compared to US-wide price of $1,430. In addition, grocery costs are also lower than the US with a Grocery Cost Index at 96 versus 100 in the US. This makes it an ideal place to live for those who are on a budget or have limited income but still want to enjoy the amenities that come from living in a small town.
Benedict has an unemployment rate of 4.9%. The US average is 6.0%.
Benedict has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Benedict
- The Sales Tax Rate for Benedict is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Benedict 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 Benedict
- The average income of a Benedict resident is $12,542 a year. The US average is $28,555 a year.
- The Median household income of a Benedict resident is $54,097 a year. The US average is $69,021 a year.