Wise, ND is a small town located in North Dakota. It has a population of around 1,000 people and is known for its small-town charm. The cost of living in Wise is relatively low compared to nearby towns and cities, with an average 2 bedroom apartment rent priced at $810 per month. Additionally, an index of grocery costs in Wise was measured at 99 while the US average is 100. As such, food costs are slightly lower than average for this area. Popular local companies include Wise Foods Inc., a family-owned meat processing business; Wise Construction Inc., an excavation and construction company; and WD Supply Co., an industrial supply store that serves all of North Dakota. With its low cost of living and abundance of friendly local businesses, Wise is a wonderful place to call home.
Wise has an unemployment rate of 4.9%. The US average is 6.0%.
Wise 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 Wise
- The Sales Tax Rate for Wise is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Wise 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 Wise
- The average income of a Wise resident is $19,853 a year. The US average is $28,555 a year.
- The Median household income of a Wise resident is $91,000 a year. The US average is $69,021 a year.