Bismarck, ND is a great city to live in with its affordable cost of living. The average 2 bedroom rent in Bismarck is $970 compared to the US average of $1,430. Food items are also cheaper here; the Grocery Cost Index in the city is 101 versus 100 in the US. This makes it easier for locals to afford living expenses like rent and groceries, allowing them to save more money. There are many companies that call Bismarck home such as MDU Resources Group Inc., RDO Equipment Co., Basin Electric Power Cooperative and Midco.
Bismarck has an unemployment rate of 4.0%. The US average is 6.0%.
Bismarck has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Bismarck
- The Sales Tax Rate for Bismarck is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Bismarck 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 Bismarck
- The average income of a Bismarck resident is $32,702 a year. The US average is $28,555 a year.
- The Median household income of a Bismarck resident is $70,125 a year. The US average is $69,021 a year.