Ransom, ND is a small city located in the southeastern region of North Dakota. It's known for providing residents with a safe and affordable living experience. The average two-bedroom rent rate in Ransom is only $820 per month compared to the national average of $1,430 per month. Grocery costs are also lower in Ransom at 92 on the cost index, versus the national average of 100. As such, Ransom is a great place for budget conscious individuals to call home.
The local businesses in Ransom include Valley Lumber Company, Stor-All Storage, Advance Auto Parts, Shady's Cafe & Bar and Hot Stuff Pizza. Valley Lumber Company provides lumber products and building services in the region while Stor-All Storage offers quality self storage services to meet resident's needs. Advance Auto Parts offer car repair and auto parts while Shady's Cafe & Bar serves up food and drinks all day long. Hot Stuff Pizza is a favorite local joint where people can come together over delicious handmade pizzas.
Ransom has an unemployment rate of 2.6%. The US average is 6.0%.
Ransom has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 40.2%, which is higher than the US average of 33.5%.
Tax Rates for Ransom
- The Sales Tax Rate for Ransom is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Ransom 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 Ransom
- The average income of a Ransom resident is $46,636 a year. The US average is $28,555 a year.
- The Median household income of a Ransom resident is $124,464 a year. The US average is $69,021 a year.