Salmon, Idaho is a small rural town located in east central Idaho. It has a population of around 3,000 people and prides itself on being able to offer its residents a high quality of life with affordable living expenses. The average 2 Bedroom rent in Salmon is $860 per month compared to the US average of $1,430 per month. Furthermore, the Grocery Cost Index in Salmon is 91 vs. 100 in the US which means groceries may be cheaper than in other parts of the country. Therefore, Salmon provides its citizens with a great place to live without breaking the bank.
Local companies in Salmon include Sawtooth Hotel and Conference Center, Fish Tales Bait Shop and Tackle, Church's Auto Service Center, Bob's Department Store and other restaurants like Cattlemen's Steakhouse and El Tapatio Mexican Restaurant. All these businesses are vital for providing employment opportunities for local people as well as needed services for visitors to the area. With such low living costs when compared to other cities around the US, Salmon could be an ideal place for those looking for better value housing options or those wishing to start new businesses away from city centers but still have access to all modern amenities.
Salmon has an unemployment rate of 6.9%. The US average is 6.0%.
Salmon has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Salmon
- The Sales Tax Rate for Salmon is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Salmon is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Salmon
- The average income of a Salmon resident is $23,037 a year. The US average is $28,555 a year.
- The Median household income of a Salmon resident is $43,241 a year. The US average is $69,021 a year.