Lodema, ND is a small town with an affordable cost of living. 2 Bedroom rent is around $790 which is much lower than the national average of $1,430. Grocery costs are also lower in Lodema; the Index for groceries in Lodema is 91 compared to 100 at the national level. This makes Lodema an attractive place to live for those who want to save money on housing and groceries. The local economy thrives on businesses such as Clift Furniture Company, Johnson's Hardware Store, and Doty's Restaurant. These companies offer quality services and products to the people of Lodema and help to ensure its continued prosperity.
Lodema has an unemployment rate of 5.9%. The US average is 6.0%.
Lodema has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 15.3%, which is lower than the US average of 33.5%.
Tax Rates for Lodema
- The Sales Tax Rate for Lodema is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lodema 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 Lodema
- The average income of a Lodema resident is $28,444 a year. The US average is $37,638 a year.
- The Median household income of a Lodema resident is $0 a year. The US average is $69,021 a year.