Sandpoint 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.
IndexSandpointIdahoNational
Cost of living index9892100
IndexSandpointIdahoNational
Goods & Services index10195100
Groceries index9585100
Health care index116102100
Housing index9288100
Transportation index113106100
Utilities index9089100
Displayed above is a general overview of the Sandpoint, ID cost of living index. The overall cost of living index in Sandpoint, ID is 98, which is 6% higher than the Idaho average and 2% 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 Sandpoint, ID are 7% higher than the Idaho average and 1% higher than the national average.

Did you know?

  • The cost of living in Sandpoint is 6% higher than the Idaho average.
  • The cost of living in Sandpoint is 2% lower than the national average.
  • The cost of housing in Sandpoint is 8% 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 Sandpoint

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Sandpoint

Compare Sandpoint, 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 Sandpoint, 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 Sandpoint, ID, then you would need to earn more income in order to maintain the same standard of living. To use the Sandpoint, 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$52,500$4,375$1,225$1,575
Renters$20,201$1,683$471$606
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 Sandpoint, 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. Sandpoint, ID has a median income of about $52,500 for people who own homes. Based on that number, a person should spend a maximum of $1,225 on expenses related to housing. Renters have a slightly different median income, which is $20,201. Based on this average, renters should spend no more than $471 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%
For those who live in Sandpoint, 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

ItemSandpointNational avg.Difference
Haircut $17.02$15.569.3%
Beauty Salon $35.70$36.111.1%
Toothpaste $2.92$2.4718.3%
Shampoo $1.03$0.966.4%
Movie $10.59$10.134.6%
Bowling $8.59$4.7481.3%

Groceries

ItemSandpointNational avg.Difference
Ground Beef $3.89$3.982.4%
Fried Chicken $1.33$1.415.5%
Milk $2.21$2.067.0%
Potatoes $1.79$2.9839.8%
Pizza $9.05$9.474.4%
Beer $10.10$8.7914.8%

Health Care

ItemSandpointNational avg.Difference
Optometrist $121.00$101.0419.8%
Doctor $140.50$107.4430.8%
Dentist $99.61$90.4210.2%
Ibuprofen $11.17$9.2820.4%
Lipitor $444.66$426.504.3%

Housing

ItemSandpointNational avg.Difference
Home Price $172,700.00$175,700.001.7%
Avg. Mortgage Payment $1,082.23$1,133.234.5%
Apartment Rent $712.00$920.0022.6%

Transportation

ItemSandpointNational avg.Difference
Gasoline $2.40$1.9920.2%
Tire Balancing $44.37$45.763.0%

Utilities

ItemSandpointNational avg.Difference
All Electricity$136.37$163.8116.8%
Phone $28.32$28.390.2%
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.
Ponderay, ID1,14392-8%
Priest River, ID1,77093-7%
Kootenai, ID83297-3%
Hope, ID671088%
Dover, ID8171099%
Sandpoint, ID7,49798-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Seminole, OK7,49377-23%
Mexia, TX7,50281-19%
Clinton, MA7,48811313%
North Springfield, VA7,48713939%
Donaldsonville, LA7,50789-11%
Sandpoint, ID7,49798-2%
Source: The Sandpoint, ID cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.