Sorkness, ND is a small town located in North Dakota with a population of around 2,000 persons. The town is known for its low cost of living with a rent for two-bedroom apartments at just $950 compared to the national average of $1,430. Similarly, grocery costs are also lower than the national index in Sorkness (98 against 100).
The town hosts a range of local businesses that add to its economic vibrancy. Notable among these are Sorkness Builders Inc., Ramson's Appliance Store and Bakers' Corner Bakery & Cafe. Sorkness Builders Inc has been established in the town since 1975 and provides quality construction services to clients while Ramson's Appliance Store has been offering affordable appliance sales & repair services since 1997. Lastly, Bakers' Corner Bakery & Cafe is a popular dining spot serving locals with delicious pastries and coffee. These businesses along with other local outlets go a long way towards sustaining the economic life blood of the community.
Sorkness has an unemployment rate of 4.6%. The US average is 6.0%.
Sorkness has seen the job market decrease by -10.9% over the last year. Future job growth over the next ten years is predicted to be 3.0%, which is lower than the US average of 33.5%.
Tax Rates for Sorkness
- The Sales Tax Rate for Sorkness is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Sorkness 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 Sorkness
- The average income of a Sorkness resident is $23,273 a year. The US average is $37,638 a year.
- The Median household income of a Sorkness resident is $48,750 a year. The US average is $69,021 a year.