83340 Ketchum, ID is a small city located in the western part of Idaho and has a population of 2,698 people according to the 2019 census. The rent for a two-bedroom apartment in Ketchum is $1,820 which is significantly higher than the US average of $1,430 dollars. Additionally, grocery costs are also higher in Ketchum compared to other cities with an index value of 102 versus 100 in the US on average.
Ketchum offers locals access to many outdoor activities and amenities including skiing at Sun Valley Resort as well as fishing and hiking in local national forests and public parks. There are multiple businesses that cater to tourists as well as local residents such as Sturtevants Mountain Outfitters which provides gear rental services or Trail Creek Outfitters that offer guided river rafting trips. The cost of living in Ketchum is higher than most other parts of the country but it is offset by the abundance of outdoor recreation opportunities available throughout the area.
Ketchum (zip 83340) has an unemployment rate of 4.3%. The US average is 6.0%.
Ketchum (zip 83340) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Ketchum (zip 83340)
- The Sales Tax Rate for Ketchum (zip 83340) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Ketchum (zip 83340) 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 Ketchum (zip 83340)
- The average income of a Ketchum (zip 83340) resident is $46,926 a year. The US average is $28,555 a year.
- The Median household income of a Ketchum (zip 83340) resident is $79,979 a year. The US average is $69,021 a year.