Forman, North Dakota is a small rural city with a population of 58032 people. Despite its small size, Forman has a variety of amenities and businesses that make it an attractive option for those looking for affordable living. The median rent for a two bedroom home in Forman is $830, significantly lower than the national median of $1,430. Similarly, the Grocery Cost Index in Forman is 95 compared to 100 in the US. Notable local companies include Lankota Manufacturing Farm Equipment, Forman Meat Packing Inc., and Otter Tail Power Company. For recreation there are several parks including Riverside Park and Oak Hill Park as well as numerous lakes like Stockholm Lake and Rush Lake for fishing and other outdoor activities.
Forman (zip 58032) has an unemployment rate of 2.6%. The US average is 6.0%.
Forman (zip 58032) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 40.2%, which is higher than the US average of 33.5%.
Tax Rates for Forman (zip 58032)
- The Sales Tax Rate for Forman (zip 58032) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Forman (zip 58032) 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 Forman (zip 58032)
- The average income of a Forman (zip 58032) resident is $47,968 a year. The US average is $37,638 a year.
- The Median household income of a Forman (zip 58032) resident is $64,688 a year. The US average is $69,021 a year.