Emmett 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.
IndexEmmettIdahoNational
Cost of living index8692100
IndexEmmettIdahoNational
Goods & Services index9893100
Groceries index8995100
Health care index106103100
Housing index6788100
Transportation index9293100
Utilities index8687100
A general summary of the cost of living index in Emmett, ID is shown above. Compared to the state average of Idaho the cost of living index in Emmett, ID is 86, which is 6% lower than the average in Idaho and compared to the national average it is 14% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Emmett, ID goods and services come in at 6% higher than the average in Idaho and are 2% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Emmett is 6% lower than the Idaho average.
  • The cost of living in Emmett is 14% lower than the national average.
  • The cost of housing in Emmett is 33% 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 Emmett

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Emmett

Compare Emmett, 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
Use the salary calculator to compare your current salary in Emmett, 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 Emmett, ID, then you would need to earn more income in order to maintain the same standard of living. To use the Emmett, 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$36,741$3,062$857$1,102
Renters$21,230$1,769$495$637
The affordability of the housing market in Emmett, ID as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Emmett, ID homeowners, the median income is $36,741. This indicates that a monthly maximum of $857 should be spent by homeowners on all housing related costs. Renters have a median income of $21,230. This indicates that renters should have a maximum of $495 used for their rent related monthly 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 Emmett, 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

ItemEmmettNational 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

ItemEmmettNational 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

ItemEmmettNational 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

ItemEmmettNational avg.Difference
Home Price $111,800.00$175,700.0036.4%
Avg. Mortgage Payment $921.00$1,081.0314.8%
Apartment Rent $697.00$920.0024.2%

Transportation

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

Utilities

ItemEmmettNational 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.
Horseshoe Bend, ID85883-17%
Middleton, ID5,89888-12%
Star, ID6,37997-3%
Eagle, ID21,10211313%
Hidden Spring, ID2,23811515%
Emmett, ID6,54686-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Corry, PA6,54677-23%
Oyster Bay, NY6,54817171%
Hobart, WA6,54813838%
Dade City, FL6,54888-12%
Aquia Harbour, VA6,54413131%
Emmett, ID6,54686-14%
Source: The Emmett, ID cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.