Inchelium, WA is a small city located in Ferry County with a population of around 500 people. It has a thriving local economy based on agriculture and tourism, which make it an attractive place to live. The 2 bedroom rent in Inchelium is much lower than the nationwide average of $1,430 per month, making it more affordable for those who want to move to the area. Additionally, the Grocery Cost Index in Inchelium is 98 compared to 100 in the US, meaning groceries are slightly cheaper here than elsewhere.
Businesses such as EZ Mart and J&L’s General Store provide goods and services that locals need while providing employment opportunities. The nearby Lake Roosevelt National Recreation Area is one of the major attractions for visitors to Inchelium. It provides great fishing sites as well as camping grounds and other recreational activities for tourists to enjoy while staying in the area.
Inchelium has an unemployment rate of 9.8%. The US average is 6.0%.
Inchelium has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 11.3%, which is lower than the US average of 33.5%.
Tax Rates for Inchelium
- The Sales Tax Rate for Inchelium is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Inchelium is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Inchelium
- The average income of a Inchelium resident is $12,723 a year. The US average is $28,555 a year.
- The Median household income of a Inchelium resident is $58,125 a year. The US average is $69,021 a year.