59923 Libby, Montana is a small town located in Lincoln County with a population of just over 2,500 people. The cost of living in this area is quite low when compared to the national average. For example, 2-bedroom rent costs $820 in Libby compared to $1,430 nationally. The Grocery Cost Index stands at 95 for Libby versus 100 for the US on average.
The town of Libby is home to several local businesses such as Luby's Market and Gendron's Home Center which are great places to shop for groceries or household items. Other businesses include Two Rivers Grill & Pub, Sage Brush Senior Living LLC, and Valley Insurance Agency Inc., all of which provide important services to the residents of Libby. All these factors make living in Libby an affordable and viable option for many people who want to enjoy the rural lifestyle without breaking the bank.
Libby (zip 59923) has an unemployment rate of 8.4%. The US average is 6.0%.
Libby (zip 59923) 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 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Libby (zip 59923)
- The Sales Tax Rate for Libby (zip 59923) is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Libby (zip 59923) is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Libby (zip 59923)
- The average income of a Libby (zip 59923) resident is $23,766 a year. The US average is $28,555 a year.
- The Median household income of a Libby (zip 59923) resident is $41,431 a year. The US average is $69,021 a year.