Richland, ND is a small rural town located in the Midwest. Although it is not heavily populated, Richland has a lot to offer residents and visitors alike. With its close proximity to larger cities and easy access to some of the best natural sites around, Richland is an attractive destination for those looking to get away from it all. The cost of living in Richland is quite low as indicated by the 2 bedroom rent being nearly half that of the US average. Additionally, grocery costs are even lower with a Grocery Cost Index of 90 versus 100 in the US.
The culture in Richland reflects its rural surroundings with many activities tailored towards outdoor exploration such as camping at nearby parks or boating on Lake Sakakawea. In addition to enjoying nature, there are also several businesses that add to the local economy and culture including Farm Bureau Financial Services, Sleepy Hollow Resort & Campground and The Cat’s Meow Cafe. With its low cost of living and beautiful sights, Richland is an excellent place to call home.
Richland has an unemployment rate of 6.5%. The US average is 6.0%.
Richland has seen the job market decrease by -5.2% 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 Richland
- The Sales Tax Rate for Richland is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Richland 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 Richland
- The average income of a Richland resident is $32,585 a year. The US average is $28,555 a year.
- The Median household income of a Richland resident is $138,000 a year. The US average is $69,021 a year.