Richland, ND County is a great place to live and work with a variety of local businesses. The cost of living in Richland is lower than the national average, as evidenced by the 2 bedroom rent being $830 compared with $1,430 at the national level. Similarly, the grocery cost index in Richland is 95 compared with 100 in the US. This means that groceries are cheaper in Richland than nationally. Local companies include Walmart Supercenter, Dollar Tree, and Family Fare Supermarkets. These businesses provide residents with a variety of shopping options while supporting the local economy. Richland’s low cost of living and strong business growth make it an appealing option for potential residents looking for quality housing options and economic stability.
Richland County has an unemployment rate of 3.5%. The US average is 6.0%.
Richland County has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Richland County
- The Sales Tax Rate for Richland County is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Richland 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 Richland County
- The average income of a Richland County resident is $28,499 a year. The US average is $28,555 a year.
- The Median household income of a Richland County resident is $62,481 a year. The US average is $69,021 a year.