Cottonwood, ID is a small city located in northern Idaho. It is home to a diverse population of about 2,500 people, with plenty of small businesses and amenities. The cost of living in Cottonwood is quite affordable due to the lower rent costs. The average two bedroom rent in Cottonwood is $930 compared to the US average of $1,430. In addition, the Grocery Cost Index in Cottonwood is 99 versus 100 in the US. This makes it quite appealing for individuals looking for a more economical living situation. Popular local businesses include Silver Creek Coffee Co., Hungry Dog Pizza & Grill, and American West Bank. All provide excellent services at reasonable prices for locals and visitors alike. With its lower cost of living and access to amenities, Cottonwood is an ideal place to live for those looking for a more affordable lifestyle.
Cottonwood has an unemployment rate of 6.3%. The US average is 6.0%.
Cottonwood has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Cottonwood
- The Sales Tax Rate for Cottonwood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cottonwood 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 Cottonwood
- The average income of a Cottonwood resident is $18,808 a year. The US average is $28,555 a year.
- The Median household income of a Cottonwood resident is $47,813 a year. The US average is $69,021 a year.