Carpio, ND Economy


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Carpio, ND is a small town in North Dakota. It is located in Ward County and is known for its quiet atmosphere and friendly people. The town has a population of about 700 people as of 2020. Carpio, ND has quite an affordable cost of living when compared to the rest of the United States. For example, 2 bedroom rent in Carpio is only $1,030 compared to $1,430 across the US. Furthermore, the Grocery Cost Index in Carpio is 95 versus 100 in the US. In terms of local businesses, there are several small companies based in Carpio offering goods and services such as plumbing services from Big Rig Plumbing and tree removal services from Tree Masters Tree Removal Service. All these factors help make Carpio an attractive place to live with a low cost of living.

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

Carpio has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 11.1%, which is lower than the US average of 33.5%.

Tax Rates for Carpio
- The Sales Tax Rate for Carpio is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Carpio 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 Carpio
- The average income of a Carpio resident is $34,117 a year. The US average is $28,555 a year.
- The Median household income of a Carpio resident is $69,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarpio, North DakotaUnited States
  66
  -3.9%-6.2%
  11.1%33.5%
  5.0%6.2%
  2.0%4.6%
  $34,557$37,638
  $69,375$69,021
  $69,167$85,028
  Population by Occupation
  6.5%1.2%
  7.8%0.5%
  9.1%6.8%
  3.9%10.0%
  1.3%2.5%
  6.5%11.0%
  1.3%4.8%
  1.3%0.8%
  1.3%1.9%
  7.8%4.7%
  2.6%1.9%
  6.5%7.6%
  0.0%0.1%
  13.0%4.2%
  0.0%9.3%
  14.3%14.0%
  0.0%2.1%
  0.0%7.0%
  9.1%4.8%
  7.8%4.7%
Health
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