Powers Lake Township, ND is an area of great potential and opportunity. The cost of living in the area is quite low compared to the rest of the country, with the average two bedroom rent being $950 and a grocery cost index of 98 versus 100 in the US. It is also home to many notable companies such as Powers Lake Electric, Powers Lake Fire Department, and Powers Lake Grocery Store. All of these businesses offer quality services that make life easier for residents in the area. With its excellent amenities, it’s no wonder why Powers Lake Township has become a popular destination for business owners and residents alike.
Powers Lake township (Mountrail County) has an unemployment rate of 4.6%. The US average is 6.0%.
Powers Lake township (Mountrail County) has seen the job market decrease by -10.9% over the last year. Future job growth over the next ten years is predicted to be 1.9%, which is lower than the US average of 33.5%.
Tax Rates for Powers Lake township (Mountrail County)
- The Sales Tax Rate for Powers Lake township (Mountrail County) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Powers Lake township (Mountrail County) 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 Powers Lake township (Mountrail County)
- The average income of a Powers Lake township (Mountrail County) resident is $42,063 a year. The US average is $37,638 a year.
- The Median household income of a Powers Lake township (Mountrail County) resident is $124,375 a year. The US average is $69,021 a year.