Thorson, ND is a great city located in North Dakota. It is known for its affordable living costs, with the average rent for a two bedroom being $950 compared to the national average of $1,430. The grocery cost index in Thorson is also lower than the US at 98 versus 100. There are plenty of local businesses and attractions here as well. Popular local companies include Thorson Motors, Northstar Equipment, and Carpenters Boutique. There are also numerous parks and lakes that offer a range of outdoor activities such as biking, fishing, and boating. All in all, Thorson is an affordable place to live with plenty of local businesses and attractions that make it stand out from other cities in North Dakota.
Thorson has an unemployment rate of 6.5%. The US average is 6.0%.
Thorson has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 3.5%, which is lower than the US average of 33.5%.
Tax Rates for Thorson
- The Sales Tax Rate for Thorson is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Thorson 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 Thorson
- The average income of a Thorson resident is $118,033 a year. The US average is $28,555 a year.
- The Median household income of a Thorson resident is $92,813 a year. The US average is $69,021 a year.