Underwood, ND is a small town located in the Midwest. It has a population of fewer than 800 people yet offers a wide range of local businesses such as the Underwood Bakery, Main Street Bar & Grill, and Underwood Pharmacy. The cost of living in this area is very affordable; rent for a two bedroom apartment averages out to $830 while the same in the US as a whole averages out to $1,430. Similarly, the grocery cost index in Underwood is 97 compared to 100 in the US. This makes it an ideal place for budget-minded individuals or families looking for an affordable place to live.
Underwood has an unemployment rate of 4.9%. The US average is 6.0%.
Underwood has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Underwood
- The Sales Tax Rate for Underwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Underwood 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 Underwood
- The average income of a Underwood resident is $41,108 a year. The US average is $37,638 a year.
- The Median household income of a Underwood resident is $74,063 a year. The US average is $69,021 a year.