Photo by David Rauzi
Income growth is good news for local businesses such as Irwin Drug which set out items on its sidewalk for Grangeville’s Crazy Days 2017.
As of Wednesday, August 30, 2017
Where you live can have a large influence on how much money a person makes, and who doesn’t want to live in a place where incomes are rising quickly?
SmartAsset, a financial technology company, recently analyzed Census data for a five-year period to determine where incomes were growing the fastest, and Idaho County ranked among the top places in Idaho.
Idaho ranked number six (nationally, it’s at 892) and had an overall income growth of 2.1 percent from five years earlier.
Caribous County had the highest income growth at 4.4 percent. Next were Power and Butte counties at 3.7 percent each; Latah County at 2.8 percent; Cassia County at 2.7 percent; Idaho at 2.1 percent; Boundary and Blaine counties, each at 2 percent; Minidoka County at 1.9 percent; and Nez Perce County at 1.7 percent.
Of those top 10 counties listed above, the lowest unemployment rate is in Blaine County (2.7 percent), followed by Caribou at 2.9 percent; Minidoka and Nez Perce, each at 3.3 percent; Cassia at 3.1 percent; Butte at 3.6 percent; Latah at 3,7 percent; Power and Boundary each at 4.1 percent; and the highest. Idaho County, at 4.9 percent. Overall, the state unemployment average is listed at 3.9 percent in this study.
Go on-line to https://smartasset.com/taxes/idaho-paycheck-calculator#idaho/income to type in your income and see where your paycheck is going, in terms of taxes and other deductions.
— Sources: SmartAsset, government websites, US Census Bureau 2014 & 2009 5-Year American Community Survey, MIT Living Wage Study, Bureau of Labor Statistics