Washburn, ND is a small town situated in the central part of North Dakota. It is home to a variety of local businesses, including Washburn Supermarket, Washburn Lumber Company, and Washburn Feed and Supply. It is known for its low cost of living; the average rent for two bedroom apartments is less than half the national average. Additionally, it has a comparatively low grocery cost index at 99 compared to 100 in the US. This makes it an attractive place to live and work for those looking for a low-cost option with plenty of job opportunities in the area. With numerous local companies providing goods and services to residents, Washburn offers many advantages to people looking for a place to settle down and call home.
Washburn has an unemployment rate of 4.9%. The US average is 6.0%.
Washburn 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 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Washburn
- The Sales Tax Rate for Washburn is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Washburn 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 Washburn
- The average income of a Washburn resident is $37,523 a year. The US average is $28,555 a year.
- The Median household income of a Washburn resident is $71,641 a year. The US average is $69,021 a year.