Taft, ND is a small city located in the northwest corner of North Dakota. It is a quiet and peaceful community, with the population numbering just under 500 people. This small town is ideal for those looking to escape from the hustle and bustle of big city life. The cost of living in Taft is very reasonable, with two bedroom rents averaging around $940 monthly. Grocery costs are also significantly lower than the national average, with an index of 98 versus the US average of 100.
Some of the local companies that help keep this community thriving include LaVilla Restaurant & Lounge, TC's Auto Repair, and Weinkauf Drywall Construction. Each provides quality services to those who use them and helps contribute to the overall economy of Taft.
Taft has an unemployment rate of 4.1%. The US average is 6.0%.
Taft has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Taft
- The Sales Tax Rate for Taft is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Taft 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 Taft
- The average income of a Taft resident is $18,256 a year. The US average is $37,638 a year.
- The Median household income of a Taft resident is $0 a year. The US average is $69,021 a year.