Idaho has become a popular place for people to move to because it has lower taxes than many other states in the Western United States, plus housing is more affordable here. The extensive array of recreational activities around Idaho and the vast job opportunities in the state are also prominent points.
1. Idaho Has Lower Taxes
People are aiming to save money more than ever before, with many willing to move to states where their tax burdens won’t be as high. Idaho saw the largest growth among all states from 2020 to 2021, with the U.S. Census reporting Idaho grew in population by 2.9%, with other western states like Utah and Arizona coming close.
One part of Idaho’s popularity comes from how it has lower taxes. Idaho has one of the country’s lowest combined state and local sales tax rates, with the Tax Foundation reporting that Idaho’s average sales tax is at 6.03%. This total is minimal when compared with Washington’s 9.23%, California’s 8.68%, and Utah’s 7.19% as of 2021. Idaho’s sales tax rate is 6%.
The Idaho State Tax Commission also lists an annual individual income tax rate of 1% to 6.5% based on taxable income. People who earn more are taxed at a higher rate. Meanwhile, the Tax Foundation says people in California are paying up to 13.3% in income tax, while those in Oregon pay up to 9.9%. With people looking to keep their money in their pockets, Idaho has become a viable place for living.
2. Affordable Housing In Idaho
Home values are quickly rising in Idaho, with Zillow showing that new homes around Idaho are close to $470,000 in value as of 2021. The total is about twice as high as what it was in 2018.
Houses are much more expensive in other states around the Western United States, with homes costing about $750,000 on average in California and $600,000 in Washington.
The quickly-rising population around Idaho also makes it where it’s easier for people to find new homes. New Home Source writes that as of April 2022, there are thousands of new homes around Idaho, with some being available for as little as $80,000. These totals are among the most affordable people can find throughout the country.
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3. Great Job Opportunities
It’s easy to find exciting jobs in Idaho, which is one good reason so many people are moving to the state. Idaho’s unemployment rate stands at 2.8% as of February 2022, according to a report from the U.S. Bureau of Labor Statistics. The total is nearly half the 5.4% unemployment rate in California, plus it is smaller than the 4% rate in Oregon and Arizona’s 3.6%.
The Bureau of Labor Statistics also says Idaho is home to many exciting job opportunities, including ones in education and health services, trade and utilities, and leisure and hospitality, giving people a vast assortment of options for work.
Zippia lists Albertsons as the largest employer in the state, with many corporate jobs available in the state and specifically in the Boise area.
Albertsons is a Boise-based supermarket company that became America’s second-largest grocery chain after its 2015 merger with Safeway. Other prominent Idaho-based businesses include Micron Technology, Idahoan Foods, Clearwater Analytics, and Empire Airlines.
4. Enjoyable Recreation
Idaho is a great place to work and play, as the state features many exciting recreational activities. The Idaho Department of Parks and Recreation lists a vast array of parks and activities for people to enjoy throughout the state, including the Bear Lake, Hells Gate, Ponderosa, Priest Lake, and Winchester Lake State Parks.
Part of Yellowstone National Park and the Lewis and Clark National Historic Trail is also in the state.
Idaho is also home to many beautiful hot springs, lakes for fishing, breweries and farmers’ markets, mountain biking trails, and even some amusement parks.
Idaho has things for everyone in the family to enjoy, and the fact that residents are saving more money on taxes and home values here makes it easier for their money to go further in these places.
Frequently Asked Questions
Moving to Idaho may be a good option for those looking for a change of pace. The state offers a wide variety of activities and attractions, from hiking and camping in the mountains to boating and fishing on one of the many lakes. The cost of living is also relatively low, and there are plenty of job opportunities available. However, it’s important to consider the climate before making the move – Idaho can be quite cold in the winter, and snowfall is common. Additionally, moving to a new state can be a big adjustment, so it’s important to do your research and make sure you’re prepared for the change.
There are a few things to consider when deciding whether to move to North or South Idaho. The climate is one important factor – in general, the southern part of the state is warmer and drier than the north. If you’re looking for a place to enjoy outdoor activities year-round, the south is probably a better choice. However, if you prefer cooler temperatures and snowfall, the north may be a better fit. Northern Idaho is also much more well known for its mountains and lakes, while southern Idaho tends to be flatter, and more populated.
When moving to Idaho, it’s important to consider the time of year. For many people, the best time to move is during the summer months. The weather is warm and dry, making it ideal for packing and driving long distances. However, keep in mind that moving during the summer can be more expensive due to higher demand. If you’re on a tight budget, you may want to move during the spring or fall instead. The weather is still pleasant during these months, but there will be less competition for rental properties and moving services. No matter when you move, Idaho is sure to offer an unforgettable experience.
An Exciting State For Living
The lower cost of living in Idaho and the vast assortment of employment and recreational opportunities make it one of the most appealing states for people to live in today. It is no surprise that more people are moving to Idaho, especially considering how expensive life can be in California and other western states.