Richardton, ND Economy


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Richardton, ND is a small city located in Stark County in western North Dakota. It is home to around 580 people and offers plenty of job opportunities for those who are looking for work. Some of the larger companies with employment opportunities in Richardton include Grand Electric Cooperative, Grand Prairie Foods, Richardton Public School District, and Stark County Hospital.
The cost of living in Richardton is significantly lower than the US average, which can be seen from the 2 Bedroom Rent cost of $1000 compared to $1430 nationally and Grocery Cost Index at 97 versus 100 in the US. This makes it an attractive place for families and individuals looking to live on a budget as they will receive more bang for their buck when it comes to life's essentials like groceries and rent.

Richardton has an unemployment rate of 6.3%. The US average is 6.0%.

Richardton has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 3.5%, which is lower than the US average of 33.5%.

Tax Rates for Richardton
- The Sales Tax Rate for Richardton is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Richardton 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 Richardton
- The average income of a Richardton resident is $32,931 a year. The US average is $28,555 a year.
- The Median household income of a Richardton resident is $68,261 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRichardton, North DakotaUnited States
  6.36
  -7.6%-6.2%
  3.5%33.5%
  5.0%6.2%
  2.0%4.6%
  $37,057$37,638
  $68,261$69,021
  $76,389$85,028
  Population by Occupation
  20.7%1.2%
  5.3%0.5%
  5.1%6.8%
  9.1%10.0%
  9.6%2.5%
  8.9%11.0%
  1.8%4.8%
  2.5%0.8%
  0.0%1.9%
  0.4%4.7%
  0.4%1.9%
  3.6%7.6%
  0.0%0.1%
  1.6%4.2%
  4.5%9.3%
  14.0%14.0%
  0.4%2.1%
  1.6%7.0%
  7.6%4.8%
  2.9%4.7%
Health
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