Freshwater, ND is a great place to live with lower than average costs of living. The 2 Bedroom Rent in Freshwater is $820, which is substantially lower than the US average of $1,430. Additionally, the Grocery Cost Index in Freshwater is 96 as compared to the US average of 100. This makes basic necessities much more affordable for residents of Freshwater. There are many local businesses located in Freshwater as well, including market stores such as Pete's Supermarket and restaurant chains like Pizza Corner. With its lower cost of living and ample opportunities for entertainment and work, Freshwater is a great town for anyone looking to settle down in North Dakota.
Freshwater has an unemployment rate of 4.3%. The US average is 6.0%.
Freshwater has seen the job market decrease by -0.9% 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 Freshwater
- The Sales Tax Rate for Freshwater is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Freshwater 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 Freshwater
- The average income of a Freshwater resident is $38,750 a year. The US average is $37,638 a year.
- The Median household income of a Freshwater resident is $0 a year. The US average is $69,021 a year.