Munster, ND is a small town located in the north central US. With a population of just over 500 people, it is known for its quiet and rural atmosphere. The cost of living is much lower than the US average with 2 bedroom rental prices at $1,150 compared to $1,430 nationally. Additionally, grocery costs are below the national average as well having an index of 93 versus 100 in the US.
The local economy relies on farming and ranching as well as some tourism due to its nearness to recreational areas like lakes and national forests. There are several local businesses in Munster including Miller Oil Company, Stoner's Cafe & Bakery, Munster Lumber & Hardware, and JDD Construction. Despite its small size, Munster has seen continued prosperity thanks to strong support from its residents and business owners alike.
Munster has an unemployment rate of 5.3%. The US average is 6.0%.
Munster has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Munster
- The Sales Tax Rate for Munster is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Munster 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 Munster
- The average income of a Munster resident is $58,010 a year. The US average is $28,555 a year.
- The Median household income of a Munster resident is $146,875 a year. The US average is $69,021 a year.