Powers Lake is a small town located in North Dakota with a population of 58773. This small town offers an affordable lifestyle to its citizens, with two bedroom apartment rentals averaging at $970 compared to the nationwide average of $1430. Additionally, grocery costs are much lower on average than in other parts of the country with an index score of 98 compared to 100. The area is home to many businesses such as Powers Lake Grocery Store, Powers Lake Animal Hospital, and Wells Truck Stop, offering the community various services for their daily needs. Residents benefit from low cost of living and local services that make their lives easier and more convenient.
Powers Lake (zip 58773) has an unemployment rate of 6.5%. The US average is 6.0%.
Powers Lake (zip 58773) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 3.5%, which is lower than the US average of 33.5%.
Tax Rates for Powers Lake (zip 58773)
- The Sales Tax Rate for Powers Lake (zip 58773) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Powers Lake (zip 58773) 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 Powers Lake (zip 58773)
- The average income of a Powers Lake (zip 58773) resident is $43,590 a year. The US average is $37,638 a year.
- The Median household income of a Powers Lake (zip 58773) resident is $112,000 a year. The US average is $69,021 a year.