Nelson, ND is a great place to live in for those who want to enjoy a quiet atmosphere with relatively low living costs. Not only does it have an average 2 bedroom rent of $850 compared to the US' $1,430, but the Grocery Cost Index here is also 95 versus 100 in the US. Nelson is home to various local companies such as Nelson Farm Supply Inc., S & B Electrical Services LLC, and Nelson Contracting LLC. These companies all provide various goods and services that are integral to the success of this small town.
Nelson has an unemployment rate of 3.7%. The US average is 6.0%.
Nelson has seen the job market decrease by -5.0% over the last year. Future job growth over the next ten years is predicted to be 12.5%, which is lower than the US average of 33.5%.
Tax Rates for Nelson
- The Sales Tax Rate for Nelson is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Nelson 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 Nelson
- The average income of a Nelson resident is $0 a year. The US average is $28,555 a year.
- The Median household income of a Nelson resident is $73,929 a year. The US average is $69,021 a year.