Gem, ID County is a great place to live for people looking for an affordable lifestyle. The cost of renting a two bedroom home is $1,080 which is significantly lower than the national average of $1,430. This affordability combined with the low Grocery Cost Index of 94 compared to the US average of 100 makes Gem an attractive option for people looking to save money. Residents can take advantage of the local businesses such as Idaho Central Credit Union and Basin Co-op Grocery Store. Local outdoor activities like biking, fishing and camping at nearby Idaho National Laboratory provide Gem residents with plenty of ways to relax after a hard day’s work!
Gem County has an unemployment rate of 5.0%. The US average is 6.0%.
Gem County has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 45.7%, which is higher than the US average of 33.5%.
Tax Rates for Gem County
- The Sales Tax Rate for Gem County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gem County is 7.4%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gem County
- The average income of a Gem County resident is $20,623 a year. The US average is $28,555 a year.
- The Median household income of a Gem County resident is $59,957 a year. The US average is $69,021 a year.