Forman, ND Economy


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United States / North Dakota / No Metro Area / Sargent County / Forman / Zip Codes
Forman, ND is a small town in the United States with an affordable cost of living. Rent for a two bedroom apartment is only $840 per month, which is almost half of the national average. Grocery costs are also lower than the national average, making it easy for residents to save money on daily items. The town has many local businesses and attractions, including Forman's Family Market, Community Theatre of Forman, and Ducey Lake Park. The nearby area offers hiking trails, camping sites, fishing spots, and more outdoor activities. Forman has something to offer everyone and provides a great quality of life for its residents.

Forman has an unemployment rate of 2.6%. The US average is 6.0%.

Forman has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 40.2%, which is higher than the US average of 33.5%.

Tax Rates for Forman
- The Sales Tax Rate for Forman is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Forman 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 Forman
- The average income of a Forman resident is $51,301 a year. The US average is $37,638 a year.
- The Median household income of a Forman resident is $54,167 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyForman, 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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