Zip 83402 (Idaho Falls, ID) Economy


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Idaho Falls, Idaho (83402) is an ideal city for its affordability and job opportunities. The average 2 bedroom rental cost in 83402 Idaho Falls, ID is $840 - considerably lower than the US average of $1,430. The Grocery Cost Index stands at 91 in Idaho Falls, compared to 100 in the US – making groceries more affordable. Major employers include Pacificorp energy company, Melaleuca Inc., and Eastern Idaho Regional Medical Center. In recent years the city has seen a population growth of 4%, which is indicative of people moving to the area for jobs and affordability.

Idaho Falls (zip 83402) has an unemployment rate of 3.4%. The US average is 6.0%.

Idaho Falls (zip 83402) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 43.2%, which is higher than the US average of 33.5%.

Tax Rates for Idaho Falls (zip 83402)
- The Sales Tax Rate for Idaho Falls (zip 83402) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Idaho Falls (zip 83402) 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 Falls (zip 83402)
- The average income of a Idaho Falls (zip 83402) resident is $29,060 a year. The US average is $37,638 a year.
- The Median household income of a Idaho Falls (zip 83402) resident is $58,301 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIdaho Falls, IdahoUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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