Deer Lake, ND is a small town with a population of less than 2000 people. The rent for two bedroom accommodation is much more affordable than the U.S average at only $820 per month. Grocery costs are also relatively low in Deer Lake, with the Grocery Cost Index being equal to that of the U.S average. This makes Deer Lake an attractive place for prospective residents who seek an affordable cost of living. The town is home to several local businesses such as Blue Sky Cafe, D&B Hardware Store, and Sweetwater Flowers & Gifts. All in all, Deer Lake is a great place to call home due to its lower cost of living and thriving local businesses!
Deer Lake has an unemployment rate of 4.0%. The US average is 6.0%.
Deer Lake has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Deer Lake
- The Sales Tax Rate for Deer Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Deer Lake 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 Deer Lake
- The average income of a Deer Lake resident is $35,852 a year. The US average is $37,638 a year.
- The Median household income of a Deer Lake resident is $63,125 a year. The US average is $69,021 a year.