Hobart, ND is a small city located in North Dakota. It is home to a variety of businesses, including Hobart Dental Center, Smith Construction, and Farrell’s Service Station. The cost of living in Hobart is relatively low; for example, 2 bedroom rental prices are about $850 per month compared to the US average which stands at $1,430. Additionally, the Grocery Cost Index (an index used to measure changes in grocery prices) is 96 in Hobart versus 100 in the US. This suggests that groceries here are 4% cheaper than they would be on average throughout the country. All these factors contribute to a lower overall cost of living in Hobart when compared to other areas of the US.
Hobart has an unemployment rate of 3.7%. The US average is 6.0%.
Hobart has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 12.5%, which is lower than the US average of 33.5%.
Tax Rates for Hobart
- The Sales Tax Rate for Hobart is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Hobart 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 Hobart
- The average income of a Hobart resident is $49,625 a year. The US average is $28,555 a year.
- The Median household income of a Hobart resident is $123,291 a year. The US average is $69,021 a year.