Banks, ID Economy

Banks, Idaho is a small town located in Washington County. It has a population of approximately 2,500 people and is known for its scenic beauty, making it a popular tourist destination. The cost of living in Banks is lower than the US average index. For example, the average 2 bedroom rent in Banks is $1,100 versus $1,430 in the US. Similarly, the Grocery Cost Index in Banks is 92 versus 100 nationally. This makes it an affordable town for those considering relocating to the area. Banks has several local companies such as Skippers Seafood & Chowder House and the Birch Creek Resort at Clearwater Lake, which provide employment opportunities to locals. In all, Banks offers a beautiful setting with an affordable cost of living that can make it an ideal place to live or visit.