Land, ND Economy


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Land, ND is an affordable place to live. The average rent for a two-bedroom apartment is $740, which is almost half the national average of $1,430. Groceries in Land, ND are also quite inexpensive with a grocery cost index of 93 compared to 100 nationally. There are many local companies that make up the business landscape of this city, including Johnson's Bakery, which offers fresh baked goods like cakes and pies, and Smith's Auto Repair, which provides reliable car repair services. Other popular businesses include Blake's Barbecue Restaurant for delicious BBQ and Merritt Financial Services for financial advice. With its low cost of living and variety of businesses available, Land, ND is a great place to live.

Land has an unemployment rate of 6.8%. The US average is 6.0%.

Land has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.

Tax Rates for Land
- The Sales Tax Rate for Land is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Land 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 Land
- The average income of a Land resident is $25,508 a year. The US average is $28,555 a year.
- The Median household income of a Land resident is $99,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLand, North DakotaUnited States
  6.86
  -1.6%-6.2%
  19.1%33.5%
  5.0%6.2%
  2.0%4.6%
  $132,519$37,638
  $99,583$69,021
  $130,625$85,028
  Population by Occupation
  80.0%1.2%
  0.0%0.5%
  0.0%6.8%
  0.0%10.0%
  20.0%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  0.0%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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