Yaak, MT is a small rural community located in northwest Montana. It offers a peaceful atmosphere with plenty of natural beauty to explore. The cost of living is much lower than the US average with 2 Bedroom Rents at $820 compared to $1,430 for the US. Grocery prices are also cheaper in Yaak with an index score of 100 versus 100 in the US.
The local economy is based on logging, ranching and tourism. There are a few small businesses such as Yaak Mountain Cafe, Yaak Mercantile & Saloon, and Yaak River Lodge where visitors can enjoy local fare and comforts away from home. Visitors can find plenty of outdoor activities to do in the area including camping, fishing, hiking and biking trails or exploring one of the many nearby lakes. Other attractions include Yaak Falls Park and The Nature Conservancy's Yaak River Basin Preserve.
Yaak has an unemployment rate of 8.4%. The US average is 6.0%.
Yaak has seen the job market decrease by -3.4% 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 Yaak
- The Sales Tax Rate for Yaak is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Yaak 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 Yaak
- The average income of a Yaak resident is $27,568 a year. The US average is $37,638 a year.
- The Median household income of a Yaak resident is $51,875 a year. The US average is $69,021 a year.