Reed, North Dakota is a small town located in the southeast region of the state. It is known for its rural atmosphere and friendly community. The cost of living in Reed is very affordable, with an average 2 bedroom rental being only $990 per month compared to the United States average of $1,430. Additionally, grocery costs are approximately equivalent to the United States as a whole with an index of 100. There are many local businesses such as Fulkerson Insurance Agency and Ackerman Plumbing that serve its residents. There are two elementary schools within Reed's school district: Robinson Elementary School and Clearfield Elementary School. For those seeking some outdoor fun, there is nearby Buffalo National Wildlife Refuge where you can find activities such as fishing, camping and hunting.
Reed has an unemployment rate of 3.8%. The US average is 6.0%.
Reed has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Reed
- The Sales Tax Rate for Reed is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Reed 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 Reed
- The average income of a Reed resident is $44,325 a year. The US average is $28,555 a year.
- The Median household income of a Reed resident is $101,944 a year. The US average is $69,021 a year.