Zip 83421 (Chester, ID) Economy


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United States / Idaho / Rexburg Metro Area / Fremont County / No City / Chester (zip 83421)
Located in Madison County, 83421 Chester, Idaho is a small town with an estimated population of 1,719. The cost of living in Chester is significantly lower than the US average, making it an attractive option for people looking for lower rental costs or grocery bills. For example, rent for a two-bedroom apartment in Chester is only $820 compared to $1,430 nationally. Similarly, the grocery cost index in the town is 92 versus the national average of 100. Local companies that contribute to the economy of Chester include Leavitt Group Insurance Agency since 1977; H&H Agriculture Inc; Westside Food & Liquor; Kens Garage & Auto Repair; JB Hansen Equipment LLC; and Mabey’s Country Store. There are also several churches such as The Church of Jesus Christ Of Latter-Day Saints and Faith Bible Church located in the area. Outdoor enthusiasts will appreciate opportunities for camping and fishing around places like Chester Dam and Riverside State Park nearby.

Chester (zip 83421) has an unemployment rate of 3.6%. The US average is 6.0%.

Chester (zip 83421) has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 45.2%, which is higher than the US average of 33.5%.

Tax Rates for Chester (zip 83421)
- The Sales Tax Rate for Chester (zip 83421) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chester (zip 83421) 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 Chester (zip 83421)
- The average income of a Chester (zip 83421) resident is $14,263 a year. The US average is $28,555 a year.
- The Median household income of a Chester (zip 83421) resident is $71,036 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChester, IdahoUnited States
  3.66
  0.5%-6.2%
  45.2%33.5%
  6.0%6.2%
  6.9%4.6%
  $31,407$37,638
  $71,036$69,021
  $86,295$85,028
  Population by Occupation
  16.0%1.2%
  0.0%0.5%
  17.3%6.8%
  0.0%10.0%
  0.0%2.5%
  21.6%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  5.6%7.6%
  0.0%0.1%
  21.0%4.2%
  13.0%9.3%
  5.6%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
Health