Libby, MN is a small town with a population of just over 2,000 people. It is known for its affordable housing and cost of living; the average rent for a two-bedroom apartment in Libby is $860, compared to the U.S. average of $1,430. Furthermore, the local Grocery Cost Index in Libby is 96, significantly lower than the national average of 100.\nThe area boasts many local businesses such as Rocky Mountain Bank, Pine Acres Family Restaurant, and A&A Tax Solutions that make up this tight knit community. With plenty of activities such as boating on Flathead Lake or visiting the Kootenai National Forest nearby, Libby provides great opportunities for outdoor recreation. All in all, Libby is an excellent place to live with its low cost of living and friendly community atmosphere.
Libby has an unemployment rate of 7.1%. The US average is 6.0%.
Libby has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Libby
- The Sales Tax Rate for Libby is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Libby is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Libby
- The average income of a Libby resident is $29,367 a year. The US average is $37,638 a year.
- The Median household income of a Libby resident is $31,250 a year. The US average is $69,021 a year.