Speedwell, ND is a small town located in the Midwestern United States. Despite its size, Speedwell is an ideal place to live due to its affordability. The average two bedroom rent in Speedwell is $740 which is significantly lower than the national average of $1,430. Additionally, grocery costs are below the national average as the Grocery Cost Index in Speedwell is 91 versus 100 in the US. Local companies include O'Dell's Hardware and Supply and Hi-Line Exterminators. O'Dell's provides quality supplies and hardware for all do-it-yourself projects while Hi-Line provides reliable pest control services.
Speedwell has an unemployment rate of 5.5%. The US average is 6.0%.
Speedwell 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 Speedwell
- The Sales Tax Rate for Speedwell is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Speedwell 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 Speedwell
- The average income of a Speedwell resident is $243,804 a year. The US average is $37,638 a year.
- The Median household income of a Speedwell resident is $250,001 a year. The US average is $69,021 a year.