South Cottonwood, ND is a small town in the Midwest region of North Dakota. It offers a relaxed lifestyle with beautiful views of the surrounding countryside. There are several local businesses in South Cottonwood such as the local grocery store and cafe, a hardware store for all your home improvement needs, and a medical center for health care services. The cost of living in South Cottonwood is significantly lower than other parts of the US, with 2-bedroom rentals being $750 compared to $1,430 nationally. In addition, the area also has an extraordinarily low Grocery Cost Index of 92 compared to 100 in the US. These factors make South Cottonwood an ideal place to live if you're looking for affordable housing options without sacrificing quality of life.
South Cottonwood has an unemployment rate of 5.5%. The US average is 6.0%.
South Cottonwood has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 20.3%, which is lower than the US average of 33.5%.
Tax Rates for South Cottonwood
- The Sales Tax Rate for South Cottonwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for South Cottonwood 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 South Cottonwood
- The average income of a South Cottonwood resident is $35,749 a year. The US average is $37,638 a year.
- The Median household income of a South Cottonwood resident is $59,615 a year. The US average is $69,021 a year.