Zip 58281 (Wales, ND) Economy


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United States / North Dakota / No Metro Area / Cavalier County / Wales / Wales (zip 58281)
Wales, North Dakota is a small rural town with a population of 58281 as of 2020. The average two bedroom rent in Wales is $820 which is nearly half the cost of what it would be in the United States at $1430. According to the Grocery Cost Index, Wales has an index score of 97 compared to 100 in the US. Local companies in Wales include D&M Car Wash, M&J Auto Body, Nelson Farms, Work Ready Solutions and Petrychor Custom Painting. These businesses offer services ranging from carwashes to farm goods to auto body repairs and painting services.

Wales (zip 58281) has an unemployment rate of 3.9%. The US average is 6.0%.

Wales (zip 58281) 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 Wales (zip 58281)
- The Sales Tax Rate for Wales (zip 58281) is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Wales (zip 58281) 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 Wales (zip 58281)
- The average income of a Wales (zip 58281) resident is $19,926 a year. The US average is $28,555 a year.
- The Median household income of a Wales (zip 58281) resident is $105,833 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWales, North DakotaUnited States
  3.96
  0.2%-6.2%
  21.1%33.5%
  5.0%6.2%
  2.0%4.6%
  $57,778$37,638
  $105,833$69,021
  $106,667$85,028
  Population by Occupation
  73.2%1.2%
  0.0%0.5%
  0.0%6.8%
  0.0%10.0%
  0.0%2.5%
  14.6%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  7.3%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  4.9%9.3%
  0.0%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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