Zip 58355 (Nekoma, ND) Economy


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United States / North Dakota / No Metro Area / Cavalier County / Nekoma / Nekoma (zip 58355)
Nekoma, ND is a small town in North Dakota with a population of 58355. The city provides affordable housing with the average two bedroom apartment costing $760 a month compared to the national average of $1430. Food costs are also below average—the grocery cost index in Nekoma is 90 versus 100 for the US. There are a range of business opportunities in Nekoma, such as agriculture, oil production and tourism. The area is home to multiple agricultural companies which produce corn, wheat and soybeans and several businesses related to oil production such as trucking companies, construction companies and environmental services. Other local businesses include restaurants, convenience stores and retail outlets. Tourism is also important to Nekoma as it offers many recreational activities such as hunting, fishing, camping and water sports at nearby Lake LaMoure.

Nekoma (zip 58355) has an unemployment rate of 3.9%. The US average is 6.0%.

Nekoma (zip 58355) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.

Tax Rates for Nekoma (zip 58355)
- The Sales Tax Rate for Nekoma (zip 58355) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Nekoma (zip 58355) 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 Nekoma (zip 58355)
- The average income of a Nekoma (zip 58355) resident is $41,273 a year. The US average is $28,555 a year.
- The Median household income of a Nekoma (zip 58355) resident is $69,167 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNekoma, North DakotaUnited States
  3.96
  0.2%-6.2%
  21.1%33.5%
  5.0%6.2%
  2.0%4.6%
  $32,922$37,638
  $69,167$69,021
  $68,333$85,028
  Population by Occupation
  19.0%1.2%
  0.0%0.5%
  33.3%6.8%
  0.0%10.0%
  0.0%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  9.5%9.3%
  23.8%14.0%
  0.0%2.1%
  0.0%7.0%
  9.5%4.8%
  4.8%4.7%
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