Westhope, ND Economy


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United States / North Dakota / No Metro Area / Bottineau County / Westhope / Zip Codes
Westhope, ND is a small town located in North Dakota. It is home to many local businesses and organizations that support the local economy. These include companies such as Westhope Auto Parts, H & R Block Tax Services, and Westhope Credit Union. The cost of living in Westhope is significantly lower than the US average, with a 2-bedroom rent for $820 compared to the national average of $1,430, as well as a lower grocery cost index of 94 versus 100. This makes it an attractive option for those seeking affordable housing without sacrificing quality of life.

Westhope has an unemployment rate of 7.5%. The US average is 6.0%.

Westhope has seen the job market decrease by -4.3% over the last year. Future job growth over the next ten years is predicted to be 12.7%, which is lower than the US average of 33.5%.

Tax Rates for Westhope
- The Sales Tax Rate for Westhope is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Westhope 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 Westhope
- The average income of a Westhope resident is $29,466 a year. The US average is $28,555 a year.
- The Median household income of a Westhope resident is $61,964 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWesthope, North DakotaUnited States
  7.56
  -2.4%-6.2%
  12.7%33.5%
  6.0%6.2%
  2.0%4.6%
  $34,028$37,638
  $61,964$69,021
  $68,750$85,028
  Population by Occupation
  12.2%1.2%
  11.5%0.5%
  10.3%6.8%
  0.0%10.0%
  5.8%2.5%
  1.9%11.0%
  26.3%4.8%
  1.9%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  6.4%9.3%
  9.6%14.0%
  3.2%2.1%
  5.8%7.0%
  0.0%4.8%
  5.1%4.7%
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