51 North Dakota Business Stats & Facts For 2025

Here are 51 business stats about North Dakota for 2025.

Basics:

Population: 783,926 (US Census 2020)
Population desnity per square mile: 11.30
GDP: $74,113 (millions USD)
GDP Per Capita: $95,082
Median household income (in 2022 dollars): $73,959
Real GDP Growth Rate: 5.90%
Total Employment: 471.1k
Unemployment Rate: 2.3%

Rankings

% Share of National Economy: 0.27%
State Economic Growth Rank (out of 50): 45
Population Growth Rank (out of 50): 22
Business Growth Rank (out of 50): 16
State Growth Rank in Employment (out of 50): 16

Biggest Industries In North Dakota By Revenue

1. Oil Drilling & Gas Extraction: $50.1b
2. Corn, Wheat & Soybean Wholesaling: $13.2b
3. Petroleum Refining: $7.4b
4. Oil & Gas Field Services: $5.1b
5. Scientific Research & Development: $4.4b
6. Hospitals: $4.1b
7. Electric Power Transmission: $4.0b
8. Commercial Banking: $3.9b
9. Natural Gas Distribution: $3.2b
10. Wind Power: $3.1b

Biggest Employers In North Dakota

1. Commonspirit Health: 11,619 (2.5%)
2. Trinity Health: 6,534 (1.4%)
3. Walmart Inc.: 4,794 (1.0%)
4. Sanford Health: 4,765 (1.0%)
5. North Dakota State University: 4,156 (0.9%)
6. Altru Health System: 3,950 (0.8%)
7. Doosan Bobcat: 3,500 (0.7%)
8. University of North Dakota: 3,465 (0.7%)
9. Bismark Public Schools: 2,160 (0.5%)
10. Essentia Health: 2,063 (0.4%)

Small Businesses In North Dakota

Number of Small Businesses 73,822
Percent of bossiness that are small businesses: 98.70%
Number of employees: 198,871
Share of Employment: 56.00%
Number of New Businesses In The Past Year: 3,180
Number of Businesses That Closed In The Past Year: 2,515
Net Change In New Businesses: 665

Number of Businesses With No Employees: 55,092
Number of Businesses with 1-19 Employees: 16,228
Number of Businesses with 20-499 Employees: 2,502
Share of Businesses Owned By Women: 42.30%
Share of Businesses Owned By Veterans: 8.40%
Share of Hispanic Owned Businesses: 1.80%
Share of Businesses Owned By Racial Minorities: 5.60%

Fortune 500 Companies In North Dakota

Number of Fortune 500 Headquaters: N/A
Biggest Company: N/A
Biggest Company Type: N/A
Number of Employees: N/A
Revenue (in millions): N/A

Taxes In North Dakota

State Corporate Tax Rate:

• 1.41%
• 3.55%
• 4.31%

State Corporate Tax Rate Brackets:

• $0
• $25,000
• $50,000

State Sales Tax Rate: 5.00%
State Sales Tax Rank (out of 50): 32
Average Local Sales Tax Rate: 2.04%
Max Local Sales Tax Rate: 3.50%
Average Combined Sales Tax Rate: 7.04%
Combined Sales Tax Rank (out of 50): 23

Minimum State Income Tax Rate If You’re Single: 2.00%
Minimum State Income Tax Rate If You’re Married: 2.00%

General North Dakota Population Facts

In civilian labor force, total, percent of population age 16 years+: 68.00%
In civilian labor force, female, percent of population age 16 years+: 64.00%
Share of population which is foreign born: 4.60%
Mean travel time to work (minutes), workers age 16 years+: 17.9

Housing

Number of Housing Units: 380,841
Owner-occupied housing unit rate: 63.20%
Median value of owner-occupied housing units: $232,500
Median gross rent per month: $912
Households with a computer: 93.20%
Households with a broadband Internet subscription: 85.80%

Education

High school graduate or higher, percent of persons age 25 years+: 93.50%
Bachelor’s degree or higher, percent of persons age 25 years+: 31.40%

Also See

• North Dakota Registered Agent Services
• North Dakota Secretary of State Business Search
• How To Form an LLC In North Dakota
• North Dakota Bookkeepers & Bookkeeping Services

Sources

• https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
• https://en.wikipedia.org/wiki/Economy_of_North_Carolina
• https://www.ibisworld.com/united-states/economic-profiles/north-dakota/
• https://taxfoundation.org/data/all/state/2024-sales-taxes/
• https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
• https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
• https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
• https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-ND.pdf
• https://www.bls.gov/eag/
• https://www.bls.gov/regions/midwest/north_dakota.htm#eag
• https://www.census.gov/quickfacts/fact/table/ND,US/PST045223
• https://www.50pros.com/fortune500