Libby, MT is a small city located in Lincoln County, Montana. It has a population of nearly 2,800 people and is known for its outdoor activities such as skiing, snowmobiling and hiking. The rental rates for two bedroom apartments in Libby are much more affordable than the national average at $850 per month compared to the US average of $1,430. Additionally, the Grocery Cost Index in Libby is much lower than the national average at 95 versus 100. \nLocal companies in Libby, MT include Kootenai Valley Electric Co-op Inc., Libby Lumber and Construction Supply LLC and Timber Country Bank. These companies serve their local community by providing essential services such as electricity, construction supplies and banking services.
Libby has an unemployment rate of 8.4%. The US average is 6.0%.
Libby has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Libby
- The Sales Tax Rate for Libby is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Libby is 6.9%. 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 $18,005 a year. The US average is $28,555 a year.
- The Median household income of a Libby resident is $39,044 a year. The US average is $69,021 a year.