Sargent, ND is a small town located in the state of North Dakota with a population of approximately 1,126. The town is known for its strong sense of community, and its affordable cost of living. The median two bedroom rent in Sargent is $730 compared to the US median of $1,430. Additionally, the Grocery Cost Index in Sargent is 92 versus 100 in the US. This means that groceries are cheaper than average in Sargent when compared to other parts of the country.
The local economy is largely supported by agriculture, with substantial amounts of wheat and sunflowers grown on surrounding farms. Businesses such as Richland Oil Company and Thaddeus Law Firm provide services to both the local community members as well as visitors from out-of-town. Furthermore, there are numerous restaurants and shops available for residents to enjoy.
Sargent has an unemployment rate of 2.6%. The US average is 6.0%.
Sargent has seen the job market increase by 0.4% 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 Sargent
- The Sales Tax Rate for Sargent is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Sargent 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 Sargent
- The average income of a Sargent resident is $47,600 a year. The US average is $37,638 a year.
- The Median household income of a Sargent resident is $0 a year. The US average is $69,021 a year.