Loma, ND is a small town located in the northwest area of North Dakota. It has a population of about 300 people and is known for being a relatively affordable place to live. Currently, 2 bedroom rent in Loma costs around $700 per month, which is significantly lower than the national average of $1,430. Additionally, the grocery Cost Index in Loma is 93 compared to 100 nationally. Local businesses and institutions in Loma include Cornerstone Grocery Store, J & K Cafe, Garvey Motors Inc., Adams County Community Center, and Faith Baptist Church.
Loma has an unemployment rate of 3.9%. The US average is 6.0%.
Loma 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 Loma
- The Sales Tax Rate for Loma is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Loma 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 Loma
- The average income of a Loma resident is $39,722 a year. The US average is $37,638 a year.
- The Median household income of a Loma resident is $0 a year. The US average is $69,021 a year.