Tower City, ND is a small town located in the state of North Dakota. It has many local businesses such as Tower City Auto Parts, Tower City Diner, and The Country Store. Renting a 2 bedroom apartment in Tower City is much more affordable than renting a similar apartment in the US; at $840 per month versus $1,430 respectively. Moreover, this city offers groceries at a much lower cost than other places in the US; its Grocery Cost Index being 95 compared to 100 nationally. In general, living in Tower City can be quite economical due to its low housing and food costs. Therefore, it is an ideal place for those looking for an affordable place to live.
Tower City has an unemployment rate of 3.8%. The US average is 6.0%.
Tower City has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Tower City
- The Sales Tax Rate for Tower City is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Tower City 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 Tower City
- The average income of a Tower City resident is $29,678 a year. The US average is $28,555 a year.
- The Median household income of a Tower City resident is $77,500 a year. The US average is $69,021 a year.