Teton, Idaho is a great place to live with a lower cost of living than the national average. The average rent for a two bedroom in Teton is $820, which is much lower than the average two bedroom rent of $1,430 in the US. Additionally, the grocery cost index in Teton is 90 compared to 100 in the US. This makes it easier on residents' wallets when doing their shopping.
In recent years, Teton has seen an uptick in economic activity due to new businesses and developments opening up. Companies such as Big Springs Brewing Company and Baer Haus Brewery have opened up and are popular spots for locals to enjoy a drink or bite to eat. The town also boasts several other restaurants such as Spud Ranch Grill and Smoky Mountain Pizza that offer delicious meals for residents. Additionally, various housing developments have been built recently that serve as affordable housing options for residents looking to move into town.
Teton has an unemployment rate of 3.6%. The US average is 6.0%.
Teton has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 45.2%, which is higher than the US average of 33.5%.
Tax Rates for Teton
- The Sales Tax Rate for Teton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Teton 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 Teton
- The average income of a Teton resident is $15,181 a year. The US average is $28,555 a year.
- The Median household income of a Teton resident is $39,531 a year. The US average is $69,021 a year.