Hankinson, ND is a small town that offers many amenities to its residents. It is conveniently located near larger cities, making it a great place to live. The cost of living in Hankinson is much lower than the US average. The average two bedroom rent for Hankinson is $830 compared to the US average of $1,430. Groceries are also cheaper in Hankinson with a grocery cost index of 93 versus 100 in the US. The town has several local businesses such as Hickory Knoll Golf Course, Clear Lake State Park, and Langford Lanes bowling alley. Overall, Hankinson is an enjoyable place to live with low cost of living and access to ample recreational activities.
Hankinson has an unemployment rate of 3.5%. The US average is 6.0%.
Hankinson has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Hankinson
- The Sales Tax Rate for Hankinson is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hankinson 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 Hankinson
- The average income of a Hankinson resident is $27,655 a year. The US average is $28,555 a year.
- The Median household income of a Hankinson resident is $57,500 a year. The US average is $69,021 a year.