Walcott is a small town located in North Dakota. It is home to some small local businesses such as Walcott Grocery, Walcott Lumber, and Walcott Cafe. The cost of living in Walcott is much lower than the US average with 2 bedroom rent costing about $730 and grocery cost index being 99 compared to 100 in the US. This makes it much easier for people to afford housing and groceries than they would if they lived in other parts of the US.
Walcott has an unemployment rate of 3.5%. The US average is 6.0%.
Walcott has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Walcott
- The Sales Tax Rate for Walcott is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Walcott 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 Walcott
- The average income of a Walcott resident is $33,692 a year. The US average is $37,638 a year.
- The Median household income of a Walcott resident is $82,955 a year. The US average is $69,021 a year.