Downey, ID is a small city located in the Southeastern part of Idaho. The city is home to just over 3,000 residents and offers a quiet lifestyle for those looking to get away from the hustle and bustle of larger metropolitan areas. Downey is home to several businesses including an auto repair shop, a market, gas stations, convenience stores, restaurants, and health care providers. The cost of living in Downey is quite affordable compared to other U.S cities with 2 bedroom rent being $1,060 versus $1,430 across the country and grocery cost index coming in at 89 versus 100 nationally. This makes it an attractive option for those looking for an economical place to live.
Downey has an unemployment rate of 3.8%. The US average is 6.0%.
Downey has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Downey
- The Sales Tax Rate for Downey is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Downey 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 Downey
- The average income of a Downey resident is $20,806 a year. The US average is $37,638 a year.
- The Median household income of a Downey resident is $40,114 a year. The US average is $69,021 a year.