Loam, ND is a small town in the United States with a population of about 15,000 people. The cost of living in Loam is comparatively lower than the country's average – rent for a two-bedroom apartment is $820 whereas the US average stands at $1,430. The grocery cost index in Loam is also lower at 94 (versus the US average of 100). Notable local companies are Chubb Logging and Quackenbush Construction. They provide employment opportunities as well as other services to the residents of Loam and its nearby areas.
Loam has an unemployment rate of 3.9%. The US average is 6.0%.
Loam has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Loam
- The Sales Tax Rate for Loam is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Loam 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 Loam
- The average income of a Loam resident is $5,382 a year. The US average is $37,638 a year.
- The Median household income of a Loam resident is $0 a year. The US average is $69,021 a year.