Tower City, ND is a small town located in the southeastern part of the state. It is home to a few businesses and has a population of 58071 people as of 2020. The 2 Bedroom rent in Tower City is $800 per month, which is lower compared to the national average of $1,430. The grocery cost index in Tower City is 95 versus 100 in the US.
Some local companies that are found in Tower City include Don's Auto Repair, T&J's Bar & Grill, Bakken Plumbing and Heating Services and Schuetzle Electric Co. Other business include Tower City Floral Arrangements, Country Store Grocery Store and the local Farmers Market. All these companies have been providing services to residents of Tower City for many years and continue to do so today.
Tower City (zip 58071) has an unemployment rate of 3.8%. The US average is 6.0%.
Tower City (zip 58071) has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Tower City (zip 58071)
- The Sales Tax Rate for Tower City (zip 58071) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Tower City (zip 58071) 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 Tower City (zip 58071)
- The average income of a Tower City (zip 58071) resident is $40,851 a year. The US average is $37,638 a year.
- The Median household income of a Tower City (zip 58071) resident is $81,667 a year. The US average is $69,021 a year.