Idaho, ND Economy


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Idaho, ND is a small rural town located in the Midwest part of the United States. It has a quiet atmosphere and is known for its friendly people. The cost of living is relatively low compared to other cities in the US, with 2 bedroom rent at $850 per month, and the grocery cost index being just 100. There are many local businesses and attractions in Idaho, ND such as Elmer's Store, a general store that has been around since 1933; R&R Golf Course, where you can enjoy 18 holes of golf; John’s Dairy Farm, an old-fashioned family farm; and Baldy's Barbecue & Grill. Idaho offers outdoor activities such as hiking, fishing, camping, swimming and horseback riding. For those interested in experiencing nature close to home, Idaho is the perfect place to visit!

Idaho has an unemployment rate of 4.6%. The US average is 6.0%.

Idaho has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 3.3%, which is lower than the US average of 33.5%.

Tax Rates for Idaho
- The Sales Tax Rate for Idaho is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Idaho is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Idaho
- The average income of a Idaho resident is $33,972 a year. The US average is $28,555 a year.
- The Median household income of a Idaho resident is $250,001 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIdaho, North DakotaUnited States
  4.66
  -10.9%-6.2%
  3.3%33.5%
  5.0%6.2%
  2.0%4.6%
  $64,348$37,638
  $250,001$69,021
  $250,001$85,028
  Population by Occupation
  10.4%1.2%
  14.0%0.5%
  2.4%6.8%
  19.5%10.0%
  7.9%2.5%
  6.7%11.0%
  9.1%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  29.9%9.3%
  0.0%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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