Shoshone, ID Economy


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Shoshone, Idaho is a small town located in the south-western corner of the state. It is known for its rural beauty, outdoor recreation, and friendly atmosphere. Two bedroom rent in Shoshone is significantly lower than that of the rest of the US, at only $810 versus $1,430 on average. Grocery cost index is also much lower than that of the US, at 90 versus 100. Residents here enjoy a variety of amenities such as restaurants like Spud's Café and Saloon, retail stores like Good Old Days Shoppe, and recreational activities at places such as Snake River Lodge & Marina or Teton Valley Trails & Pathways. There are also several local parks where visitors can soak up nature or have a picnic.

Shoshone has an unemployment rate of 5.8%. The US average is 6.0%.

Shoshone 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 Shoshone
- The Sales Tax Rate for Shoshone is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Shoshone 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 Shoshone
- The average income of a Shoshone resident is $16,036 a year. The US average is $28,555 a year.
- The Median household income of a Shoshone resident is $37,470 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyShoshone, IdahoUnited States
  5.86
  -2.5%-6.2%
  36.3%33.5%
  6.0%6.2%
  6.9%4.6%
  $22,852$37,638
  $37,470$69,021
  $58,173$85,028
  Population by Occupation
  8.1%1.2%
  0.0%0.5%
  26.4%6.8%
  7.2%10.0%
  0.0%2.5%
  11.3%11.0%
  1.6%4.8%
  0.0%0.8%
  1.1%1.9%
  1.9%4.7%
  0.5%1.9%
  2.9%7.6%
  0.0%0.1%
  10.2%4.2%
  3.2%9.3%
  8.2%14.0%
  0.0%2.1%
  6.2%7.0%
  2.6%4.8%
  8.7%4.7%
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