Swede, ND Economy


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Swede, ND is a small town in the United States located in North Dakota. It is a quiet community with affordable living costs, as evidenced by the 2 bedroom rent of only $820 compared to the US average of $1,430. Additionally, grocery costs are lower than the national average at 92 compared to 100. While Swede is a small town, there are still plenty of local restaurants and attractions to check out. Some popular restaurants include Granny's Café and The Wrangler Inn; while some local attractions include Swede Lutheran Church and Village Green Park. Swede also houses several local businesses such as Swede Auto Repair and JD's Flooring & Furniture Inc.

Swede has an unemployment rate of 2.6%. The US average is 6.0%.

Swede has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.

Tax Rates for Swede
- The Sales Tax Rate for Swede is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Swede 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 Swede
- The average income of a Swede resident is $102,244 a year. The US average is $28,555 a year.
- The Median household income of a Swede resident is $69,107 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySwede, North DakotaUnited States
  2.66
  -0.9%-6.2%
  21.7%33.5%
  5.0%6.2%
  2.0%4.6%
  $47,106$37,638
  $69,107$69,021
Family Median Income 85028
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