American Falls cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAmerican FallsIdahoNational
Cost of living index8692100
IndexAmerican FallsIdahoNational
Goods & Services index8793100
Groceries index10395100
Health care index106103100
Housing index7488100
Transportation index9093100
Utilities index8387100
Here we can see a simple outline of the cost of living in American Falls, ID. As you can see, with the average cost of living in American Falls, ID being 86, that puts it 6% lower than the average of Idaho and 14% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of American Falls, ID, the price of goods and services are 6% lower than the average of Idaho as well as 13% lower than the nation's average.

Did you know?

  • The cost of living in American Falls is 6% lower than the Idaho average.
  • The cost of living in American Falls is 14% lower than the national average.
  • The cost of housing in American Falls is 26% lower than the national average.
  • Idaho general sales tax is 18% higher than the national average.
  • Idaho state income tax is 28% lower than the national average.

Find Real Estate Listings In American Falls

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In American Falls

Compare American Falls, ID Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in American Falls, ID would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than American Falls, ID, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The American Falls, ID salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,512$3,876$1,085$1,395
Renters$39,396$3,283$919$1,182
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in American Falls, ID as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for American Falls, ID homeowners, is $46,512. This would allow for a maximum of $1,085 per month to be spent on housing costs. For renters, the median monthly income is $39,396 which would result in a maximum of $919 to be spent on rental costs.

Idaho Sales Tax

StateGeneral Sales TaxWith Max Surtax
Idaho6%8.5%

Idaho Income Tax

StateIncome Tax (Low)Income Tax (High)
Idaho1.6%7.4%
For those who live in American Falls, ID and want to know what the true cost of living is, they ought to look at both the Idaho income tax rate and the Idaho sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Idaho, the sales tax is 6%, while the most you'll pay in surtax is 8.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Idaho, the income tax rate ranges between 1.6% to 7.4%.

Goods & Services

ItemAmerican FallsNational avg.Difference
Haircut $11.17$14.5923.5%
Beauty Salon $37.50$34.688.1%
Toothpaste $1.39$2.4743.8%
Shampoo $1.05$1.022.7%
Movie $11.00$9.8711.5%
Bowling $3.32$4.3924.4%

Groceries

ItemAmerican FallsNational avg.Difference
Ground Beef $4.15$4.487.3%
Fried Chicken $1.11$1.4624.2%
Milk $1.82$2.3622.8%
Potatoes $3.72$3.0621.5%
Pizza $9.66$9.244.5%
Beer $8.14$8.635.7%

Health Care

ItemAmerican FallsNational avg.Difference
Optometrist $94.50$99.785.3%
Doctor $129.67$105.0323.5%
Dentist $84.80$88.704.4%
Ibuprofen $10.24$9.418.8%
Lipitor $313.85$298.505.1%

Housing

ItemAmerican FallsNational avg.Difference
Home Price $127,400.00$175,700.0027.5%
Avg. Mortgage Payment $616.12$1,081.0343.0%
Apartment Rent $717.00$920.0022.1%

Transportation

ItemAmerican FallsNational avg.Difference
Gasoline $1.80$2.0914.0%
Tire Balancing $45.00$45.290.6%

Utilities

ItemAmerican FallsNational avg.Difference
All Electricity$139.48$170.8018.3%
Phone $23.95$28.2615.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Aberdeen, ID2,04779-21%
Rockland, ID29782-18%
Arbon Valley, ID73086-14%
American Falls, ID4,39886-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hanamaulu, HI4,39816363%
Gang Mills, NY4,3991044%
Middletown, MD4,39612828%
Osage Beach, MO4,39599-1%
Lyons, GA4,39582-18%
American Falls, ID4,39886-14%
Source: The American Falls, ID cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.