Ward, ND is a small town located on the western edge of the state. It has a small population and is primarily a farming community. The two bedroom rent in Ward, ND is much lower than the national average, making it an attractive place for people looking for affordable housing. Additionally, the grocery cost index in Ward, ND is also below the national average which increases its appeal further. The local economy is mainly comprised of agriculture and local businesses such as restaurants, shops, and cafes. Industries such as oil and gas extraction are also present in Ward, ND due to its location close to large shale formations.
Ward has an unemployment rate of 6.5%. The US average is 6.0%.
Ward 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 Ward
- The Sales Tax Rate for Ward is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Ward 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 Ward
- The average income of a Ward resident is $40,062 a year. The US average is $28,555 a year.
- The Median household income of a Ward resident is $135,357 a year. The US average is $69,021 a year.