ND Income on the Rise

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North Dakota has the lowest unemployment rate in the country, but we're also making more money than people in other states. In 2006, there were more than 300 millionaires who called North Dakota home. That number increased to more than a 1,000 in 2013.

But, it's not just millionaires who are making more money, people all across the state are reporting increases.

When the oil boom began, so did the population boom.

"I got a job at a natural gas company, ONEOK and jumped at the opportunity," said Watford City resident Shawn Ray.

He's not alone. The number of taxpayers in the state has jumped 37 percent since 2006 and income has gone up right along with it.

In 2006 $14 billion in income was reported to the state tax department. That number rose to more than $30 billion in 2013.

"Seeing our adjusted gross income per resident taxpayer double since 2006 is huge. It just points towards the economic growth in North Dakota and things are still going strong," said North Dakota Tax Commissioner Ryan Rauschenberger.

And it's not just the oil industry contributing to the growth in personal wealth, every sector of employment is on the rise.

"Certainly not to the extent that the mining industry has or construction or some components of manufacturing or transportation. Those are the most closely associated with the oil and gas activity in the state. But all of them have shown huge increases over the period," said Michael Ziesch with Job Service North Dakota.

Even though oil prices have been dropping, so far, it doesn't look like personal income is going with it.

When you break the income increase down per taxpayer, it went from an average of about $43,000 a year in 2006 to $71,000 a year in 2013.