Rexburg, ID Metro Area is an attractive place to live due to its low cost of living compared to the US. With a 2 bedroom rental average of just $910 per month, it is nearly one-third cheaper than the US' $1,430 monthly rent for two bedrooms. Additionally, the Grocery Cost Index in Rexburg is 92 versus 100 in the US, providing further savings for local residents. The area is home to several popular businesses including Walmart, Home Depot and McDonald's. These larger companies are joined by many smaller locally-owned stores. When comparing Rexburg to other parts of the US there are significant differences in both cost of living and business offerings.
Rexburg Metro Area has an unemployment rate of 2.7%. The US average is 6.0%.
Rexburg Metro Area has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 48.7%, which is higher than the US average of 33.5%.
Tax Rates for Rexburg Metro Area
- The Sales Tax Rate for Rexburg Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rexburg Metro Area 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 Rexburg Metro Area
- The average income of a Rexburg Metro Area resident is $16,417 a year. The US average is $28,555 a year.
- The Median household income of a Rexburg Metro Area resident is $55,621 a year. The US average is $69,021 a year.