Lewisville, ID is a small town with a population of about 2,000 people. The relatively low rent prices make it an attractive place to live for young families and those on fixed incomes. Although the cost of groceries in Lewisville is slightly lower than in other parts of the US, the local economy is still driven by the small businesses located in the area. Local companies such as Lewisville General Store, Farmer's Market, and the Bank of Lewisville are important parts of the community that provide jobs and services to its citizens. These businesses also help to maintain vibrant economic activity within Lewisville by providing goods and services that locals need. Additionally, these companies act as pillars of economic stability in times of economic difficulty or hardship due to their long-term presence in the community. Ultimately, these local companies are essential for creating a thriving economy in Lewisville and helping its citizens lead successful lives.
Lewisville has an unemployment rate of 3.1%. The US average is 6.0%.
Lewisville has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 43.2%, which is higher than the US average of 33.5%.
Tax Rates for Lewisville
- The Sales Tax Rate for Lewisville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lewisville 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 Lewisville
- The average income of a Lewisville resident is $19,980 a year. The US average is $28,555 a year.
- The Median household income of a Lewisville resident is $72,500 a year. The US average is $69,021 a year.