Sun Valley, Idaho is a picturesque mountain village located in the Sawtooth National Recreation Area. It is known for its stunning views and outdoor activities such as skiing, hiking, biking, and fishing. The charming city has plenty of unique local businesses that contribute to its vibrant atmosphere. These include restaurants, boutiques, specialty stores, galleries, and more. The cost of living in Sun Valley is quite high when compared to the rest of the United States; a two bedroom rent in Sun Valley is $2,420 while elsewhere in the US it is typically $1,430 for similar accommodations. Grocery costs are also higher than average in Sun Valley with an index of 100 versus 100 nationally.
Sun Valley has an unemployment rate of 4.3%. The US average is 6.0%.
Sun Valley has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Sun Valley
- The Sales Tax Rate for Sun Valley is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Sun Valley 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 Sun Valley
- The average income of a Sun Valley resident is $44,802 a year. The US average is $28,555 a year.
- The Median household income of a Sun Valley resident is $61,938 a year. The US average is $69,021 a year.