Groveland, ID Economy


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Groveland, Idaho is a small city located in northern Idaho. It is an ideal place to live for those looking for a peaceful and relaxed environment with plenty of outdoor activities. With its low crime rate and affordable housing costs, Groveland is a great place to live for families, retirees, or anyone looking for an affordable place to call home.
The cost of living in Groveland, ID is relatively low compared to the national average – 2 bedroom rent in Groveland is $840 compared to the US average of $1,430. The grocery cost index in Groveland is 91 versus 100 in the US. Therefore, groceries are 9% cheaper than the national average making it even more affordable to live in Groveland.
The city is also home to several local businesses such as Valley Ag Supply which specializes in farm supplies; Northern Lights Electric specializing in electrical services; Sawtooth Builder Supply offering building materials; and Wild West Cafe providing family-style dining experience. These local companies contribute significantly towards creating a vibrant economy for the city and help make it an attractive destination for people looking for a comfortable place to live at an affordable price.

Groveland has an unemployment rate of 3.5%. The US average is 6.0%.

Groveland has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.

Tax Rates for Groveland
- The Sales Tax Rate for Groveland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Groveland 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 Groveland
- The average income of a Groveland resident is $21,249 a year. The US average is $28,555 a year.
- The Median household income of a Groveland resident is $42,326 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGroveland, IdahoUnited States
  3.56
  -1.1%-6.2%
  39.6%33.5%
  6.0%6.2%
  6.9%4.6%
  $17,326$37,638
  $42,326$69,021
  $42,018$85,028
  Population by Occupation
  5.7%1.2%
  0.0%0.5%
  0.0%6.8%
  8.4%10.0%
  8.4%2.5%
  10.9%11.0%
  9.0%4.8%
  0.0%0.8%
  2.7%1.9%
  3.5%4.7%
  2.2%1.9%
  0.0%7.6%
  0.0%0.1%
  2.7%4.2%
  7.9%9.3%
  2.7%14.0%
  0.0%2.1%
  3.0%7.0%
  25.6%4.8%
  7.1%4.7%
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