Caldwell 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.
IndexCaldwellIdahoNational
Cost of living index8592100
IndexCaldwellIdahoNational
Goods & Services index9893100
Groceries index8995100
Health care index106103100
Housing index6488100
Transportation index9293100
Utilities index8687100
An overview of the general cost of living index for Caldwell, ID is displayed above for your reference. Residents in Caldwell, ID enjoy a cost of living index of 85. This index is 7% lower than the Idaho average, and 15% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Caldwell, ID, the average cost of goods and services is 6% higher than it is in Idaho, and it is 2% lower than the national average.

Did you know?

  • The cost of living in Caldwell is 7% lower than the Idaho average.
  • The cost of living in Caldwell is 15% lower than the national average.
  • The cost of housing in Caldwell is 36% 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.

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Salary Calculator

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Use the salary calculator to compare your current salary in Caldwell, ID to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Caldwell, ID, then you would need to earn more income in order to maintain the same standard of living. To use the Caldwell, ID salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$47,248$3,937$1,102$1,418
Renters$26,189$2,182$611$786
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Caldwell, ID, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Caldwell, ID has a median income of about $47,248 for people who own homes. Based on that number, a person should spend a maximum of $1,102 on expenses related to housing. Renters have a slightly different median income, which is $26,189. Based on this average, renters should spend no more than $611 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Caldwell, 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

ItemCaldwellNational 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

ItemCaldwellNational 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

ItemCaldwellNational 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

ItemCaldwellNational avg.Difference
Home Price $103,000.00$175,700.0041.4%
Avg. Mortgage Payment $921.00$1,081.0314.8%
Apartment Rent $711.00$920.0022.7%

Transportation

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

Utilities

ItemCaldwellNational 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.
Wilder, ID1,41779-21%
Homedale, ID2,59582-18%
Parma, ID1,93183-17%
Notus, ID49783-17%
Marsing, ID1,26983-17%
Caldwell, ID48,11485-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mishawaka, IN48,12082-18%
Bedford, TX48,1041011%
McLean, VA48,078200100%
Methuen Town, MA48,15912424%
Alexandria, LA47,98395-5%
Caldwell, ID48,11485-15%
Source: The Caldwell, ID cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.