Craigmont, Idaho is a small town located in the northern part of the state. The population there is relatively low compared to other parts of Idaho, making it a great place for those looking for a quiet and peaceful town to live in. Two bedroom apartment/house rents come in at $840 in Craigmont, which is substantially lower than the national average of $1,430 for two bedroom rental properties. Additionally, the Grocery Cost Index in Craigmont is 97 as compared to 100 nationally. This makes Craigmont an attractive option for those wishing to save money on their groceries. There are several businesses that call Craigmont home including Willapa Valley Creamery, which produces ice cream and other dairy products; High Valley Farms, which raises cattle and sheep; and Lumberjack Logging Co., which provides timber harvesting services. All these businesses help provide jobs to locals in Craigmont and contribute to its local economy. Overall, due to its lower costs of living when compared with the rest of the country, Craigmont makes a great place for anyone looking for affordability while still getting all the benefits of small-town life.
Craigmont has an unemployment rate of 6.6%. The US average is 6.0%.
Craigmont has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Craigmont
- The Sales Tax Rate for Craigmont is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Craigmont 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 Craigmont
- The average income of a Craigmont resident is $24,956 a year. The US average is $28,555 a year.
- The Median household income of a Craigmont resident is $48,750 a year. The US average is $69,021 a year.