Shepherd, ND is a small town located in North Dakota. It's known for its tight-knit community and strong sense of local pride. The town boasts several businesses that cater to the needs of locals, such as grocery stores, hardware stores, and restaurants.
The living costs in Shepherd are notably lower than the rest of the country; 2 bedroom rents in Shepherd average around $730 per month compared to around $1,430 in the US. This difference can be attributed to the smaller population of Shepherd and lower overall cost of living. The Grocery Cost Index is also significantly lower with a rating of 91 versus 100 in the US. This allows residents to enjoy their day-to-day life without breaking their budgets.
Shepherd has an unemployment rate of 5.8%. The US average is 6.0%.
Shepherd has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Shepherd
- The Sales Tax Rate for Shepherd is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Shepherd 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 Shepherd
- The average income of a Shepherd resident is $44,832 a year. The US average is $37,638 a year.
- The Median household income of a Shepherd resident is $146,607 a year. The US average is $69,021 a year.