Sorenson, ND is a small town located in the US with an estimated population of 1,100 people. It is known for its small-town charm and wide open spaces. Being a rural area it is relatively inexpensive to live in Sorenson as the average rent for a two-bedroom apartment is only $720 compared to the US average of $1,430. Groceries are also cheaper than the national average here with an index rating of 91 versus 100 in the US. Locally owned businesses such as Anderson Real Estate Agency, Jack's Automotive Repair Shop and North Dakota Bank offer services to locals at competitive prices. There are also many natural attractions around Sorenson such as Lighthouse Lake State Park which features a lake surrounded by lush greenery and hiking trails; perfect for outdoor activities during warmer months.
Sorenson has an unemployment rate of 4.2%. The US average is 6.0%.
Sorenson has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 5.3%, which is lower than the US average of 33.5%.
Tax Rates for Sorenson
- The Sales Tax Rate for Sorenson is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sorenson 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 Sorenson
- The average income of a Sorenson resident is $70,306 a year. The US average is $37,638 a year.
- The Median household income of a Sorenson resident is $0 a year. The US average is $69,021 a year.