Zip 58438 (Fessenden, ND) Economy


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United States / North Dakota / No Metro Area / Wells County / Fessenden / Fessenden (zip 58438)
Fessenden, ND (zip code 58438) is a small town located in the northern part of North Dakota. The population of Fessenden is around 863 people and it has an area of 0.36 square miles. It is a quiet community with numerous local businesses including: Fessenden Health Center, Fessenden Hardware Store, and Jacque's Cafe. The cost of living in Fessenden is affordable with 2 bedroom rent at $770 as opposed to the national average of $1,430 for the same type of dwelling. Additionally, grocery costs are also lower than most places in the US with an index rate of 92 compared to 100 nationally. Living in Fessenden offers residents a peaceful rural lifestyle combined with the convenience of access to local businesses.

Fessenden (zip 58438) has an unemployment rate of 5.5%. The US average is 6.0%.

Fessenden (zip 58438) 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 Fessenden (zip 58438)
- The Sales Tax Rate for Fessenden (zip 58438) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Fessenden (zip 58438) 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 Fessenden (zip 58438)
- The average income of a Fessenden (zip 58438) resident is $35,464 a year. The US average is $28,555 a year.
- The Median household income of a Fessenden (zip 58438) resident is $68,269 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFessenden, North DakotaUnited States
  5.56
  -0.1%-6.2%
  20.3%33.5%
  7.0%6.2%
  2.0%4.6%
  $35,189$37,638
  $68,269$69,021
  $88,750$85,028
  Population by Occupation
  25.7%1.2%
  1.6%0.5%
  1.4%6.8%
  3.5%10.0%
  7.2%2.5%
  5.1%11.0%
  1.6%4.8%
  0.6%0.8%
  0.0%1.9%
  4.9%4.7%
  0.0%1.9%
  9.0%7.6%
  0.0%0.1%
  2.1%4.2%
  8.4%9.3%
  12.7%14.0%
  0.0%2.1%
  6.4%7.0%
  4.5%4.8%
  5.1%4.7%
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