Bennington, ID is a small town located near Idaho’s border with Utah. The population of the town is unknown but the cost of living is relatively affordable. The average two bedroom rent in Bennington, ID is $810 compared to the US average which is $1,430 making it more affordable. The grocery cost index in Bennington, ID is 91 versus 100 in the US showing that groceries are also cheaper here than the national average. There are many family-owned businesses in Bennington, ID such as Brown Motors Auto Repair, Big Sky Cafe and Bakery, and Trailhead Pizza. All these businesses combined with low costs for housing and groceries make for an ideal location to live and raise a family while staying within budget.
Bennington has an unemployment rate of 3.3%. The US average is 6.0%.
Bennington has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Bennington
- The Sales Tax Rate for Bennington is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bennington 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 Bennington
- The average income of a Bennington resident is $18,427 a year. The US average is $28,555 a year.
- The Median household income of a Bennington resident is $88,224 a year. The US average is $69,021 a year.