Hope, ND is a small town located in the state of North Dakota. It has a population of roughly 500 people. The rental costs for a two-bedroom apartment in Hope are relatively low at $830, while the average two-bedroom rent in the US is $1,430. The grocery cost index is also lower than in the US, at 94 versus 100.
The town of Hope features several local businesses and restaurants to enjoy. For example, there's 'Main Street Diner', which serves up classic American cuisine with an emphasis on breakfast dishes. For those looking to splurge, 'Creekstone Steakhouse' provides an upscale dining experience with steaks straight from the grill and an award-winning wine list. Other notable businesses include 'Hope Hardware', 'Hanson Flooring' and 'Larson Construction'.
Hope has an unemployment rate of 3.5%. The US average is 6.0%.
Hope has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Hope
- The Sales Tax Rate for Hope is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Hope 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 Hope
- The average income of a Hope resident is $32,295 a year. The US average is $37,638 a year.
- The Median household income of a Hope resident is $51,250 a year. The US average is $69,021 a year.