Noxon, MT is a small rural town located near the Montana-Idaho border. The economy of Noxon is largely based on agriculture, with several local businesses and services that contribute to its overall economy. Agriculture products such as hay, corn, alfalfa, grains are produced in abundance here. Other local business establishments include a post office, supermarket, and hardware store. The cost of living in Noxon is quite affordable compared to other parts of the country;2 bedroom rent costs around $810 while the national average for 2 bedroom rent is $1,430. Grocery Cost Index in Noxon is slightly lower than that of the US at 99 versus 100 respectively. Overall, Noxon offers its residents an affordable and peaceful environment to raise their families or retire comfortably.
Noxon has an unemployment rate of 6.4%. The US average is 6.0%.
Noxon has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Noxon
- The Sales Tax Rate for Noxon is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Noxon is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Noxon
- The average income of a Noxon resident is $25,745 a year. The US average is $28,555 a year.
- The Median household income of a Noxon resident is $63,295 a year. The US average is $69,021 a year.