Loretta, ND is a small town located in the Midwest. It is a great place to live, work and raise a family. The cost of living here is lower than the national average, with two bedroom rent at $830 and grocery costs index at 95 as compared to 100 in the US. There are local companies such as Loretta Grain Company and Loretta Hardware that provide services to the community. Loretta has plenty of activities for residents to enjoy, including fishing, camping, hiking and entertainment venues like theaters and restaurants. Residents can also take advantage of nearby parks for outdoor recreation. All in all, Loretta offers an excellent quality of life at an affordable price point.
Loretta has an unemployment rate of 4.0%. The US average is 6.0%.
Loretta has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Loretta
- The Sales Tax Rate for Loretta is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Loretta 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 Loretta
- The average income of a Loretta resident is $34,613 a year. The US average is $37,638 a year.
- The Median household income of a Loretta resident is $81,136 a year. The US average is $69,021 a year.