Economy in Devils Lake, ND

Devils Lake, ND is a small city located in Ramsey County with a population of just over 7,000 people. It's an ideal place for those who want to enjoy the beauty of nature and have access to plenty of outdoor activities. The cost of living in Devils Lake is quite affordable due to its low rent costs; a two-bedroom apartment averages $820, which is significantly lower than the US average of $1,430. Grocery costs are also much lower in Devils Lake with an index score of 96 compared to 100 in the US. Local businesses in Devils Lake include Halverson Motors, American Family Insurance, and Cenex Convenience Store. Whether you're looking for an affordable place to call home or just coming for a visit, Devils Lake is sure to provide all that you need at an incredibly reasonable price!

Devils Lake has an unemployment rate of 4.3%. The US average is 6.0%.

Devils Lake has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 16.9%, which is lower than the US average of 33.5%.

Tax Rates for Devils Lake
- The Sales Tax Rate for Devils Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Devils 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 Devils Lake
- The average income of a Devils Lake resident is $23,721 a year. The US average is $28,555 a year.
- The Median household income of a Devils Lake resident is $40,037 a year. The US average is $69,021 a year.