Idaho 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.
IndexIdaho FallsIdahoNational
Cost of living index8892100
IndexIdaho FallsIdahoNational
Goods & Services index8793100
Groceries index10395100
Health care index106103100
Housing index8089100
Transportation index9093100
Utilities index8387100
A general overview of the cost of living index for Idaho Falls, ID is displayed above. In Idaho Falls, ID, the overall cost of living index is 88, which is 4% lower than the Idaho average and 12% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Idaho Falls, ID, the city's goods and services are 6% lower than the Idaho average and 13% lower than the U.S. average.

Did you know?

  • The cost of living in Idaho Falls is 4% lower than the Idaho average.
  • The cost of living in Idaho Falls is 12% lower than the national average.
  • The cost of housing in Idaho Falls is 20% 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 Idaho Falls, 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 Idaho Falls, ID, then you would need to earn more income in order to maintain the same standard of living. To use the Idaho Falls, 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$59,899$4,992$1,398$1,797
Renters$25,448$2,121$594$764
The affordability of the housing market in Idaho Falls, 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 Idaho Falls, ID homeowners, the median income is $59,899. This indicates that a monthly maximum of $1,398 should be spent by homeowners on all housing related costs. Renters have a median income of $25,448. This indicates that renters should have a maximum of $594 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%
For those who live in Idaho 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

ItemIdaho 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

ItemIdaho 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

ItemIdaho 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

ItemIdaho FallsNational avg.Difference
Home Price $147,800.00$181,400.0018.5%
Avg. Mortgage Payment $616.12$1,081.0343.0%
Apartment Rent $678.00$889.0023.7%

Transportation

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

Utilities

ItemIdaho 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.
Ririe, ID83879-21%
Firth, ID63679-21%
Lewisville, ID51182-18%
Shelley, ID4,38482-18%
Basalt, ID41483-17%
Idaho Falls, ID57,02188-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Rocklin, CA57,01313030%
Brentwood, NY57,00313434%
West Des Moines, IA57,04195-5%
Chapel Hill, NC57,08812121%
La Mesa, CA57,18213434%
Idaho Falls, ID57,02188-12%
Source: The Idaho 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.