Olson, ND is a small rural town with a population of approximately 2,500 people. It is located in the eastern part of the state and is known for its outdoorsy atmosphere and friendly locals. Renting a two-bedroom apartment in Olson costs an average of $820, whereas in the United States it averages $1,430. The grocery cost index in Olson is 93 compared to an index of 100 in the US. Some local companies in Olson include Olson’s Hardware Store, Anderson Family Farm, and Johnson’s Pub & Eatery. All of these businesses provide residents with great shopping options and delicious food choices.
Olson has an unemployment rate of 4.2%. The US average is 6.0%.
Olson has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 5.3%, which is lower than the US average of 33.5%.
Tax Rates for Olson
- The Sales Tax Rate for Olson is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Olson 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 Olson
- The average income of a Olson resident is $18,247 a year. The US average is $37,638 a year.
- The Median household income of a Olson resident is $0 a year. The US average is $69,021 a year.