Carrington, ND Economy


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United States / North Dakota / No Metro Area / Foster County / Carrington / Zip Codes
Carrington, ND is a small town in North Dakota that offers a low-cost lifestyle, with affordable rents and groceries. The average two bedroom rent is $850 per month, which is significantly lower than the national average of $1,430 per month. This makes Carrington an attractive city for people on a budget. The Grocery Cost Index in Carrington is 97 compared to the US index of 100, making it more affordable to buy groceries in Carrington than most other places. There are many local businesses such as Carrington Paint & Decorating, Loraas Disposal & Recycling Services, and Pembina Valley Distributors Ltd that contribute to the growth and success of the town’s economy. All in all, if you’re looking for a place to settle down without breaking the bank, then Carrington may be just what you're looking for.

Carrington has an unemployment rate of 3.1%. The US average is 6.0%.

Carrington has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.

Tax Rates for Carrington
- The Sales Tax Rate for Carrington is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Carrington 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 Carrington
- The average income of a Carrington resident is $31,431 a year. The US average is $37,638 a year.
- The Median household income of a Carrington resident is $52,321 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarrington, North DakotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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