Idaho is a beautiful and scenic state located in the Northwestern United States. It is renowned for its landscape of wide-open spaces, lush forests, rivers, and mountains. Idaho offers many recreational activities including camping, skiing, fishing, hiking, biking, mountain climbing, and more. The cost of living in Idaho is below the national average with two bedroom rent being $1120 compared to the US average of $1430. Additionally, the grocery cost index in Idaho is 94 versus 100 in the US. Some of the popular local companies include Simplot, Albertsons Companies Inc., Great West Engineering Inc., and Micron Technology Inc. Overall Idaho provides an affordable lifestyle with numerous recreational activities to pursue while still offering competitive employment opportunities.
Idaho has an unemployment rate of 4.0%. The US average is 6.0%.
Idaho has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 43.8%, which is higher than the US average of 33.5%.
Tax Rates for Idaho
- The Sales Tax Rate for Idaho is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Idaho 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 Idaho
- The average income of a Idaho resident is $31,509 a year. The US average is $37,638 a year.
- The Median household income of a Idaho resident is $63,377 a year. The US average is $69,021 a year.