What Is The Cost Of Living In Idaho?

What Is The Cost Of Living In Idaho?

August 19, 2022 Off By Altaf

This 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 ForIdahoUSA
Housing114.1100
Grocery94.4100
Transportation81.6100
Utilities89.3100
Health95.1100
Miscellaneous95.3100
Median Home Cost$398,900$291,700
OverAll97.7100

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

CityApprox 1 Bedroom RentApprox 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

CityApprox 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)

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.

Get to know more such amazing facts by visiting here.

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.

To Know Some Great Stuff Do Visit TheSBB

To Know Some Great Stuff Do Visit TipsFeed

To Know Some Great Stuff Do Visit TNExams

To Know Some Great Stuff Do Visit TripBates

To Know Some Great Stuff Do Visit UsesInHindi