Idaho Falls, ID is a city with a population of approximately 57,000 people and it is known for its affordability and abundance of local businesses. The average rent for a two-bedroom apartment in Idaho falls is approximately $960, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Idaho Falls is 91 compared to 100 nationally indicating that groceries are fairly inexpensive as well. \nThe city of Idaho falls has many great businesses such as EastIdahoNews.com which offers local news coverage, Rocky Mountain Sports which provides outdoor equipment rentals and sales, and Grand Teton Brewing Company which offers craft beer brewed locally. All these factors lead to why Idaho Falls is an affordable place to live and also has lots to offer its residents.
Idaho Falls has an unemployment rate of 3.4%. The US average is 6.0%.
Idaho Falls has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 43.2%, which is higher than the US average of 33.5%.
Tax Rates for Idaho Falls
- The Sales Tax Rate for Idaho Falls is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Idaho Falls 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 Idaho Falls
- The average income of a Idaho Falls resident is $22,839 a year. The US average is $28,555 a year.
- The Median household income of a Idaho Falls resident is $57,412 a year. The US average is $69,021 a year.