Hayden Lake, ID is a small town situated in the stunningly beautiful northern Idaho. It is known for its pristine nature, outdoor activities such as fishing and boating, and friendly locals. The cost of living in Hayden Lake is relatively low when compared to the US average; this includes rent for a two-bedroom home which averages $1,390 per month versus the US average of $1,430 per month for the same type. Food costs also tend to be lower than the national index with an index score of 102 versus 100 in the US. Businesses in Hayden Lake include Pawn 1 Family Discount Store providing local deals on goods and services, and Heritage Health & Fitness offering specialized health care services to residents. It's economy relies mainly on tourism due to its natural landscape as well as various industries including food production and transportation.
Hayden Lake has an unemployment rate of 5.0%. The US average is 6.0%.
Hayden Lake has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 45.1%, which is higher than the US average of 33.5%.
Tax Rates for Hayden Lake
- The Sales Tax Rate for Hayden Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hayden Lake 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 Hayden Lake
- The average income of a Hayden Lake resident is $51,380 a year. The US average is $28,555 a year.
- The Median household income of a Hayden Lake resident is $77,308 a year. The US average is $69,021 a year.