Boise 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.
IndexBoiseIdahoNational
Cost of living index9692100
IndexBoiseIdahoNational
Goods & Services index9893100
Groceries index8995100
Health care index106103100
Housing index9989100
Transportation index9293100
Utilities index8687100
Displayed above is a general overview of the Boise, ID cost of living index. The overall cost of living index in Boise, ID is 96, which is 4% higher than the Idaho average and 4% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Boise, ID are 6% higher than the Idaho average and 2% lower than the national average.

Did you know?

  • The cost of living in Boise is 4% higher than the Idaho average.
  • The cost of living in Boise is 4% lower than the national average.
  • The cost of housing in Boise is 1% 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 Boise

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Boise

Compare Boise, 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 Boise, 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 Boise, ID, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Boise, 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$66,288$5,524$1,547$1,989
Renters$31,804$2,650$742$954
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Boise, 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 Boise, ID homeowners, is $66,288. This would allow for a maximum of $1,547 per month to be spent on housing costs. For renters, the median monthly income is $31,804 which would result in a maximum of $742 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%
One thing to keep in mind when considering the cost of living in Boise, ID is the Idaho sales tax and Idaho income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Idaho sales tax rate is 6% and the maximum surtax that can be charged is 8.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Idaho income tax rates range from 1.6% to 7.4%.

Goods & Services

ItemBoiseNational avg.Difference
Haircut $12.75$14.5912.6%
Beauty Salon $29.25$34.6815.7%
Toothpaste $2.99$2.4720.9%
Shampoo $1.01$1.021.2%
Movie $10.00$9.871.3%
Bowling $3.52$4.3919.8%

Groceries

ItemBoiseNational avg.Difference
Ground Beef $3.43$4.4823.4%
Fried Chicken $1.09$1.4625.5%
Milk $1.45$2.3638.5%
Potatoes $2.46$3.0619.6%
Pizza $8.49$9.248.1%
Beer $8.45$8.632.1%

Health Care

ItemBoiseNational avg.Difference
Optometrist $116.20$99.7816.5%
Doctor $121.38$105.0315.6%
Dentist $87.50$88.701.4%
Ibuprofen $9.77$9.413.8%
Lipitor $306.75$298.502.8%

Housing

ItemBoiseNational avg.Difference
Home Price $188,200.00$181,400.003.7%
Avg. Mortgage Payment $921.00$1,081.0314.8%
Apartment Rent $780.00$889.0012.3%

Transportation

ItemBoiseNational avg.Difference
Gasoline $1.80$2.0913.9%
Tire Balancing $48.50$45.297.1%

Utilities

ItemBoiseNational avg.Difference
All Electricity$143.20$170.8016.2%
Phone $24.99$28.2611.6%
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.
Kuna, ID15,19292-8%
Garden City, ID11,09594-6%
Star, ID5,74598-2%
Meridian, ID75,21099-1%
Robie Creek, ID9781022%
Boise, ID208,33296-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Spokane, WA208,70192-8%
Gilbert, AZ208,8501066%
Arlington, VA209,07715656%
San Bernardino, CA210,6241055%
Rochester, NY210,96789-11%
Boise, ID208,33296-4%
Source: The Boise, ID cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.