What Is The Cost Of Living In Idaho?
May 23, 2023This article will give you the cost of living in Idaho. So, it is better to know about the cost of living in Idaho state before moving to it. Idaho is a state located in the Pacific Northwest region of the Western United States. This state is remarkable due to its outdoor attractions and fun spots that make it appealing to millennials. Also, it is one of the safest states in the United States with both property and crime rates ranking below average. Let’s know the cost of living in Idaho.
What Is The Cost Of Living In Idaho?
The cost of living in Idaho is not the same for regions but varies from area to area. The table given below will give you the average cost of living in Idaho. Here, the living cost in Idaho given is based on a US average of 100. An amount above 100 means Idaho is expensive than the US average.
Cost Of Living For Idaho USA
Housing 114.1 100
Grocery 94.4 100
Transportation 81.6 100
Utilities 89.3 100
Health 95.1 100
Miscellaneous 95.3 100
Median Home Cost $398,900 $291,700
OverAll 97.7 100
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Home Rent
In Idaho the home rent is affordable and costs around $669 per month, which is $184 less than the state average. Is Idaho cheaper to live? Yes, because of the lower rent of houses. For more details learn the table given below which will give an idea of the house rent in the different cities in Idaho, including the cost of living in Boise Idaho.
City Approx 1 Bedroom Rent Approx 2 Bedroom Rent
Boise $1700 $2000
Coeur D’Alene $1000 $1400
Pocatello $800 $1100
Twin Falls $750 $1000
Food Cost
When you see the cost of living in Idaho vs California then you observe that Idoah is much cheaper than California. So, the food price can vary, the average cost of food in Idaho is $36 per day per person. To understand it in detail, refer to the table given below which consists of the cost of living in different cities of Idaho including the cost of living in Coeur D’Alene Idaho.
| City | Approx Dinner For 2 |
|---|---|
| Boise | $80 |
| Coeur D’Alene | $60 |
| Pocatello | $50 |
| Twin Falls | $65 |
Travel Cost
The cost of traveling is another expense in everyday life. In Idaho, there is no viable form of public transportation outside of the main cities of Moscow, Boise, and Idaho Falls. But a vacation to Idaho for one person for one week usually costs around $917.
Other Expenses
There are so many expenses included in the other expenses. Let’s take a look at them.
Health Care
Higher health care costs increase the cost of living. Therefore, Washington has a higher cost of living than Idaho. You will get it when you see the cost of living in Idaho vs Washington. In Idaho, a resident needs to pay an average of $462 per person for a major medical individual health insurance plan.
Utility Bills
The cost of living in Idado 2021 is increased because of increased inflation. Therefore, the cost of living in Idaho vs Texas is not much different now. Still, Idaho has the lowest average utility cost in the US at an average of $343.71 for power, gas, water, internet, and cable.
Internet Bills
The cost of living in Idaho Falls is less because of the low rate of internet. The cost of the internet varies with the provider. If you take a monthly plan from Century Link, you need to pay $49 per month. And $29.99 per month for cox cable.
Fitness
Fitness also adds some extra burden on the monthly expenses but it is necessary. Here in Idaho, the membership pass of fitness clubs and gyms starts only from $20 per month for one person.
Entertainment
For entertainment and activities in Idaho a typical cost is an average of $28 per person per month. It includes the fees of admission tickets to museums and attractions, day tours, and many more. For entertainment, you can visit Sun Valley Resort and Boise River Greenbelt in Idaho.
Taxes
No doubt, the lowest cost of living in Idaho will convince you to live in Idaho but you need to pay taxes according to your income. In Idaho a 6% state sales tax rate and a 3% max local sales tax rate. And the average combined sales tax rate is about 6.02%.
FAQ
Is Idaho Expensive To Live In?
The national average was 7%. Idaho’s cost of living isn’t low. The World Population Review for 2020 ranks 18 states as cheaper to live in than Idaho. It figures Idaho’s cost of living as 92.3% of the national average.
Is It Inexpensive To Live In Idaho?
Although Idaho’s median home price of $170,200 is the highest of the five states on this list by a wide margin, residents enjoy low expenses in other areas. For example, Idaho has below-average real estate, income, and sales taxes, and its grocery and utility costs are among the cheapest.
Is It Cheaper To Live In Arizona Or Idaho?
Cost of living in Boise, Idaho (United States) is 19% cheaper than in Phoenix, Arizona (United States)
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What Are The Dangers Of Living In Idaho?
Both the violent crime rate and property crime rate are below the national average. The violent crime rate in Idaho is 2.7 crimes per 1000 people compared to a national average of 4.5 crimes per 1,000 people. The property crime rate in Idaho is 21.3 crimes per 1,000 people.
Is Idaho Cheaper To Live Than Utah?
The cost of living in Salt Lake City, UT is 5.7% higher than in Boise, ID. You would have to earn a salary of $63,410 to maintain your current standard of living. Employers in Salt Lake City, UT typically pay 2.0% more than employeers in Boise, ID.
Is Idaho A Friendly State?
Idaho residents are warm and welcoming. Above all, they are extremely friendly and genuinely open, even to strangers. When you finally make the move to the Gem State, you should expect a warm reception from your new neighbors. Idahoans are super friendly and outgoing.
How Does The Cost Of Living In Idaho Compared To The US?
In Idaho, the cost of living is 2.1% higher than it is on average nationwide, according to the Composite Cost of Living Index published by the Missouri Economic Research and Information Center.
How Much Money Do You Need To Live In Idaho?
What is a livable wage in Idaho? According to MIT, a single person living in Idaho needs to make at least $29,007 to be able to afford all of their bills. An average family with two kids and two working adults requires a much higher income of $80,158 per year to cover their expenses.
What Things Are Unique To Idaho?
Idaho’s state fruit is the Huckleberry, our state vegatable is, of course, the potato. The deepest river gorge in North America is Idaho’s Hells Canyon (7,900 ft deep). The Gem State: Idaho produces 72 types of precious and semi-precious stones.
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Conclusion
While going through this article now you can guess what is the cost of living in Sun Valley Idaho easily. In Idaho housing is expensive but groceries are relatively cheaper, which helps make the cost of living in Idaho affordable. Also, food cost is 6% less than the national average. So, before moving to Idaho, once check the cost of living in Idaho.
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