Herman, ND is a small town with plenty of opportunities for residents to enjoy. It is surrounded by nature and has a low cost of living compared to other parts of the United States. The average two bedroom rent in Herman is only $810 compared to the US average two bedroom rent which is $1,430. Similarly, the Grocery Cost Index in Herman is 92 versus 100 in the US. Local businesses include Farmer's Co-op, Herman Family Foods, and Valley Financial Services. With its low cost of living and abundance of local businesses, Herman makes for an attractive place to live.
Herman has an unemployment rate of 2.6%. The US average is 6.0%.
Herman 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 Herman
- The Sales Tax Rate for Herman is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Herman 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 Herman
- The average income of a Herman resident is $52,143 a year. The US average is $37,638 a year.
- The Median household income of a Herman resident is $0 a year. The US average is $69,021 a year.