Richfield, Idaho is a small town nestled in the foothills of the Clearwater Mountains. Richfield offers its residents a small-town lifestyle with access to outdoor activities and entertainment. The cost of living in Richfield is much lower than the US average, with 2 bedroom rent at $820 compared to $1,430 in the US and a grocery cost index of 91 versus 100 nationally. Local businesses include restaurants like Griddle's Family Restaurant and McBain Pizza Co., a variety of stores such as Dufurr's Cash & Carry & Hardware, Clearwater Valley Nursery, and Tack's Western Store & Feeds, as well as various service providers like Richfield Veterinary Clinic. Richfield's low cost of living combined with its array of local businesses makes it an attractive place to live for those who want a small-town atmosphere without having to break the bank.
Richfield has an unemployment rate of 5.8%. The US average is 6.0%.
Richfield 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 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Richfield
- The Sales Tax Rate for Richfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Richfield 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 Richfield
- The average income of a Richfield resident is $16,237 a year. The US average is $28,555 a year.
- The Median household income of a Richfield resident is $53,750 a year. The US average is $69,021 a year.