Verner, ND Economy


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United States / North Dakota / No Metro Area / Sargent County / Verner / Zip Codes
Verner, ND is a small city located in Grand Forks County. The population size is unknown but it is known for having a lower cost of living than many other parts of the country. Local businesses include Verner Land & Livestock, FHU Auto Sales, and Prairie Farms Dairy Products. Rent for two bedrooms in Verner is around 810 dollars per month while the national average two bedroom rent is 1,430 dollars per month. When it comes to groceries, the cost index in Verner is 93 while the national average cost index is 100. This means that Verner's grocery costs are slightly lower than the rest of the country. In conclusion, Verner has lower costs of living than most cities with affordable rent and groceries.

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

Verner has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 40.2%, which is higher than the US average of 33.5%.

Tax Rates for Verner
- The Sales Tax Rate for Verner is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Verner 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 Verner
- The average income of a Verner resident is $62,140 a year. The US average is $37,638 a year.
- The Median household income of a Verner resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyVerner, North DakotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
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