Butte City, Idaho is an ideal place to live for those who want to save money but still enjoy the amenities of a town. The city is small in size but offers plenty of opportunities in terms of employment and leisure. Rent in Butte City is significantly cheaper than the national average at $820 for a two-bedroom apartment as opposed to $1,430 in the US. Grocery costs are also relatively inexpensive with a grocery cost index score of 89 compared to 100 nationally.
When it comes to business opportunities, Butte City holds its own with reputable companies like Idaho National Laboratory (INL), Snake River Bridge Company, and the historic Buhl Farm Park occupying the area. INL has been operating since 1949 and provides energy research and development services that help support the country’s energy needs. Meanwhile, Snake River Bridge Company specializes in bridge construction projects while Buhl Farm Park offers recreational activities such as horseback riding, camping, fishing, and more.
Butte City has an unemployment rate of 3.7%. The US average is 6.0%.
Butte City has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 40.1%, which is higher than the US average of 33.5%.
Tax Rates for Butte City
- The Sales Tax Rate for Butte City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Butte City 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 Butte City
- The average income of a Butte City resident is $22,403 a year. The US average is $28,555 a year.
- The Median household income of a Butte City resident is $13,603 a year. The US average is $69,021 a year.