Butte Valley, ND is a small town with a population of just over 5000 people. Despite its size it offers access to plenty of amenities. Rent for a two bedroom apartment in Butte Valley is significantly lower than the national average, at $760 per month compared to the US average of $1,430. Grocery costs are also more affordable, with Butte Valley's index rating at 93 compared to 100 for the US as a whole. In addition to this, there are many local businesses that serve the community including grocery stores, restaurants, and cafes. There are also many service based companies like auto repair shops and banks that can help locals meet their everyday needs. However, due to the low wages in the area and high cost of living there is still a significant poverty rate in Butte Valley and those living below the poverty line make up around 18% of the population.
Butte Valley has an unemployment rate of 6.5%. The US average is 6.0%.
Butte Valley 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 5.5%, which is lower than the US average of 33.5%.
Tax Rates for Butte Valley
- The Sales Tax Rate for Butte Valley is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Butte Valley 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 Butte Valley
- The average income of a Butte Valley resident is $41,554 a year. The US average is $37,638 a year.
- The Median household income of a Butte Valley resident is $0 a year. The US average is $69,021 a year.