Glenwood, ND is a small rural town with a population of approximately 700 people. This small-town feel comes with far lower living costs than the US average. In fact, two bedroom rent in Glenwood is almost $630 cheaper than the US average. Furthermore, the grocery cost index in Glenwood is 91 compared to 100 in the US.
The local economy of Glenwood is largely driven by agriculture and manufacturing businesses such as Glenwood Harvesters, Neche Manufacturing, and Midstate Products. The town offers all necessary amenities like schools, banks, churches, medical centers, and parks. There are several recreational activities for people of all ages such as golfing at the Maple River Golf Course or just spending time on Lake Elsie or Lake Dalrymple.
Glenwood has an unemployment rate of 5.8%. The US average is 6.0%.
Glenwood has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Glenwood
- The Sales Tax Rate for Glenwood is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Glenwood 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 Glenwood
- The average income of a Glenwood resident is $25,915 a year. The US average is $28,555 a year.
- The Median household income of a Glenwood resident is $101,500 a year. The US average is $69,021 a year.