Lankin, ND Economy


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United States / North Dakota / No Metro Area / Walsh County / Lankin / Zip Codes
Lankin, ND is a small town located in the North Dakota area. It has a population of just under 200 people, making it an ideal destination for those looking for some peace and quiet. The average rent for a 2 bedroom apartment is $720, which is substantially lower than the national average of $1,430. Similarly, the Grocery Cost Index in Lankin is 92 compared to 100 in the US. This makes living in Lankin even more affordable.
When visiting Lankin, ND you can take advantage of some great local shops and amenities such as TD's Supermarket and Deli, Lankin Pharmacy, Countryside Tavern and RV Park. There are also several recreational activities available such as fishing on nearby Lake Semans or enjoying a round of golf at Courtyard Golf Club. The community also has its own volunteer fire department that provides emergency services and support to the residents of Lankin and surrounding areas.

Lankin has an unemployment rate of 5.8%. The US average is 6.0%.

Lankin has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.

Tax Rates for Lankin
- The Sales Tax Rate for Lankin is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Lankin 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 Lankin
- The average income of a Lankin resident is $37,777 a year. The US average is $37,638 a year.
- The Median household income of a Lankin resident is $68,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLankin, North DakotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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