Bowen, ND is a small town located in the southwestern corner of North Dakota. It has a population of around 500 people and is known for its affordable cost of living. The 2 bedroom rent in Bowen is $790 compared to the US average of $1,430, making it an attractive option for people looking to relocate and save money. Additionally, the grocery cost index in Bowen is 94 compared to 100 in the US, making it an affordable place to go grocery shopping. Some local businesses that can be found in Bowen include City Market Grocery Store, BankWest Financial Services and H & L Sales & Service.
Bowen has an unemployment rate of 2.6%. The US average is 6.0%.
Bowen has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 40.2%, which is higher than the US average of 33.5%.
Tax Rates for Bowen
- The Sales Tax Rate for Bowen is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Bowen 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 Bowen
- The average income of a Bowen resident is $61,680 a year. The US average is $28,555 a year.
- The Median household income of a Bowen resident is $65,500 a year. The US average is $69,021 a year.