Sandpoint, ID is a charming city with a population of 8,393 people. It has beautiful views of Lake Pend Oreille and the Selkirk Mountains. The cost of living in Sandpoint is relatively low when compared to the rest of the United States, with an average 2 bedroom rent being $1,130 versus $1,430 in the US and a grocery cost index of 100 versus 100 in the US. \nThe local economy in Sandpoint is mainly driven by tourism due to its natural beauty and outdoor recreational activities such as fishing and hiking. Notable companies located in Sandpoint include Schweitzer Mountain Resort, Coldwater Creek, Litehouse Foods, Bardenay Restaurant & Distillery and Panhandle State Bank.
Sandpoint has an unemployment rate of 6.1%. The US average is 6.0%.
Sandpoint has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Sandpoint
- The Sales Tax Rate for Sandpoint is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sandpoint 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 Sandpoint
- The average income of a Sandpoint resident is $22,815 a year. The US average is $28,555 a year.
- The Median household income of a Sandpoint resident is $53,567 a year. The US average is $69,021 a year.