Arimo, ID is a small town located in the northern part of Idaho. The population of Arimo is relatively low when compared to larger cities in the United States. Despite its small size, Arimo is home to several different businesses such as Ace Hardware and Gem State Insurance Agency. When it comes to the cost of living, Arimo is lower than that of the US overall. For example, 2 bedroom rent in Arimo is $920 which is much lower than the national average of $1,430 per month for a 2 bedroom rental. Furthermore, the grocery cost index in Arimo stands at 91 while it stands at 100 in US on average. This indicates that groceries are much more affordable in this small town when compared to other parts of America.
Arimo has an unemployment rate of 3.8%. The US average is 6.0%.
Arimo has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Arimo
- The Sales Tax Rate for Arimo is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Arimo 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 Arimo
- The average income of a Arimo resident is $18,415 a year. The US average is $28,555 a year.
- The Median household income of a Arimo resident is $64,000 a year. The US average is $69,021 a year.