Nespelem Community, WA is a small rural community in the state of Washington. It has a population of less than 500 people. Despite its small size, Nespelem Community has much to offer in terms of amenities and economic opportunities. One major advantage of living in Nespelem Community is its low cost of living; rent for two-bedroom apartments here is $960 per month – over $400 less than the national average – and the Grocery Cost Index is 94 compared to 100 in the US.
The local economy here is mainly driven by agriculture and tourism. Local companies include Nespelem Valley Farmers Co-op, Nespelem Trading Post Store & Gas Station, Nespelem Electric Company, and Colville Tribal Credit Corporation which provides financial services to members of the Colville Confederated Tribes. These businesses have helped create jobs and provide essential services that help keep costs low for local residents. As a result, people can enjoy a better quality life at a lower cost than they would find elsewhere in the US.
Nespelem Community has an unemployment rate of 7.9%. The US average is 6.0%.
Nespelem Community has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 15.7%, which is lower than the US average of 33.5%.
Tax Rates for Nespelem Community
- The Sales Tax Rate for Nespelem Community is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Nespelem Community is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Nespelem Community
- The average income of a Nespelem Community resident is $15,282 a year. The US average is $28,555 a year.
- The Median household income of a Nespelem Community resident is $65,278 a year. The US average is $69,021 a year.