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Velva, ND

Full City Profile · North Dakota · McHenry County County

3.3 /5.0
B Good
997 Population 1,039/sq mi density
$81,354 Median Income $37,832 per capita
$208,700 Home Value $211,194 Zillow
$755 Median Rent 20.8% income on rent
39°F Avg Temperature 274 sunny days/yr
253 Violent Crime/100K 1,095 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$81,354 median income, 1.1% unemployment
A+
Affordability
5.0 / 5.0
$208,700 home value, $755/mo rent
F
Safety
1.0 / 5.0
253 violent crimes/100K
C+
Education
2.6 / 5.0
20.1% bachelor's degree or higher

Income Overview

Median Household Income
$81,354
8% above
US avg: $75,149
Per Capita Income
$37,832
3% below
US avg: $39,052
Unemployment Rate
1.1%
69% below
US avg: 3.6%
Poverty Rate
6.2%
50% below
US avg: 12.4%

Income Comparison: Velva vs. U.S. Average

Each bar shows Velva’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$81,354
108%
Per Capita
US: $39,052
$37,832
97%
IRS Avg AGI
US: $72,000
$73,637
102%
Avg Weekly Wage
US: $1,432
$1,065
74%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,065
26% below US avg ($1,432)
Mean Commute Time
23 min
18% below US avg (28 min)
Work From Home
4.8%
68% below US avg (15.2%)
Drive Alone
91.1%
24% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$279M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 91.1%
Public Transit 0%
Work From Home 4.8%
Other 4.1%
Average commute time
23 minutes
US avg: 28 min

Business Landscape

Total Establishments
242
Restaurants
9
Healthcare
10
Retail
15
Manufacturing
5

Tax & Financial

IRS Avg Adjusted Gross Income
$73,637
2% above US avg ($72,000)
Avg Property Tax
$2,200
37% below US avg ($3,500)
Cost of Living Index
89.0
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$81,354
Per Capita Income$37,832
IRS Avg Adjusted Gross Income$73,637
Avg Weekly Wage$1,065
County GDP$279M

Hardship Indicators

Unemployment Rate1.1%
Poverty Rate6.2%
Gini Coefficient0.428
Cost of Living Index89.0

Commute

Mean Commute23 minutes
Drive Alone91.1%
Public Transit0.0%
Work From Home4.8%

Businesses

Total Establishments242
Restaurants9
Healthcare10
Retail15
Manufacturing5

Tax

IRS Avg AGI$73,637
Avg Property Tax$2,200