Hope, ID is a small city located in the heart of Idaho. It has an array of outdoor activities to offer with its close proximity to mountains and rivers. Local businesses include Hope Motors, Hope Automotive, and Hope Lumber Company. Families living in Hope can benefit from the 2 bedroom rent that comes at a rate of $1,510 while the US average is $1,430. Additionally, grocery costs in Hope are 4% higher than the US average due to the smaller population size and limited options for sourcing ingredients. With its stunning vistas and variety of recreational opportunities, Hope is an excellent place for families looking for a peaceful environment to call home.
Hope has an unemployment rate of 6.1%. The US average is 6.0%.
Hope 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 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Hope
- The Sales Tax Rate for Hope is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hope 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 Hope
- The average income of a Hope resident is $40,704 a year. The US average is $37,638 a year.
- The Median household income of a Hope resident is $0 a year. The US average is $69,021 a year.