Scotia, ND Economy


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Scotia, ND is a small town located in the heart of North Dakota. It's a great place to live, with plenty of opportunities for work and entertainment. There are many local companies that provide employment opportunities such as Anderson Construction, Sievers Construction, and D&D Cattle Company. The cost of living in Scotia is quite affordable compared to other parts of the country. According to recent statistics, the median 2 bedroom rent is $810 per month which is much lower than the national average of $1,430. Likewise when it comes to grocery costs, Scotia has an Index of 93 compared to 100 in the US which makes it an even more attractive option for people looking for an affordable place to live.

Scotia has an unemployment rate of 7.5%. The US average is 6.0%.

Scotia has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.

Tax Rates for Scotia
- The Sales Tax Rate for Scotia is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Scotia 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 Scotia
- The average income of a Scotia resident is $48,425 a year. The US average is $28,555 a year.
- The Median household income of a Scotia resident is $127,596 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyScotia, North DakotaUnited States
  7.56
  -2.4%-6.2%
  12.7%33.5%
  5.0%6.2%
  2.0%4.6%
  $105,995$37,638
  $127,596$69,021
  $128,077$85,028
  Population by Occupation
  29.4%1.2%
  0.0%0.5%
  8.8%6.8%
  10.3%10.0%
  19.1%2.5%
  7.4%11.0%
  14.7%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  2.9%4.2%
  0.0%9.3%
  0.0%14.0%
  0.0%2.1%
  7.4%7.0%
  0.0%4.8%
  0.0%4.7%
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