Northwood, ND is a small town in North Dakota with a population of 1,599. The 2 bedroom rent in Northwood is $820, which is lower than the US average of $1,430. Additionally, groceries are cheaper in Northwood than the US average according to its Grocery Cost Index of 95. This makes Northwood an appealing place to live for those who are looking for an affordable place to call home. Local companies in Northwood include Nortrax Equipment Co., Northwoods Lawn Care, and Country Contractors Inc. With its lower housing costs and local businesses, Northwood is an ideal location for those seeking an affordable living situation.
Northwood has an unemployment rate of 4.0%. The US average is 6.0%.
Northwood 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 Northwood
- The Sales Tax Rate for Northwood is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Northwood 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 Northwood
- The average income of a Northwood resident is $34,134 a year. The US average is $37,638 a year.
- The Median household income of a Northwood resident is $86,389 a year. The US average is $69,021 a year.