58769 Palermo, ND is a small rural town located in the heart of North Dakota. It has a population of around 200 people, making it an ideal place to live for those looking for peace and quiet. The 2 bedroom rent in Palermo is $840 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Palermo is 98 compared to 100 in the US, indicating that groceries are slightly cheaper in Palermo than elsewhere.
The town boasts many local businesses such as CS Electric Inc., Sunset Farm Supply LLC and A-Cut Above Tree Service LLC, providing residents with many employment opportunities and services. As well as these local businesses there are also plenty of recreational activities to enjoy such as biking trails and golf courses. All these factors make Palermo an ideal place to live with a low cost of living compared to other areas in North Dakota.
Palermo (zip 58769) has an unemployment rate of 4.6%. The US average is 6.0%.
Palermo (zip 58769) has seen the job market decrease by -10.9% over the last year. Future job growth over the next ten years is predicted to be 3.3%, which is lower than the US average of 33.5%.
Tax Rates for Palermo (zip 58769)
- The Sales Tax Rate for Palermo (zip 58769) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Palermo (zip 58769) 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 Palermo (zip 58769)
- The average income of a Palermo (zip 58769) resident is $59,594 a year. The US average is $37,638 a year.
- The Median household income of a Palermo (zip 58769) resident is $66,500 a year. The US average is $69,021 a year.