Wells, ND County is an ideal place for those looking for a comfortable lifestyle at an affordable price. The two bedroom rent is significantly lower than the national average of $1,430, coming in at $830. Grocery costs are also relatively low, with a grocery cost index of 93 compared to 100 nationally. The county is home to various small businesses such as Wells Hardware & Supply Co., Wells Co-op Oil Company, and Lantech Solutions LLC which contributes to the local economy. In addition, there are plenty of restaurants and shops in town that offer a variety of services and items for locals to enjoy.
Wells County has an unemployment rate of 5.5%. The US average is 6.0%.
Wells County has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 20.3%, which is lower than the US average of 33.5%.
Tax Rates for Wells County
- The Sales Tax Rate for Wells County is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Wells County 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 Wells County
- The average income of a Wells County resident is $29,980 a year. The US average is $28,555 a year.
- The Median household income of a Wells County resident is $58,932 a year. The US average is $69,021 a year.