Cost Of Living in Fernan Lake Village, ID

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F

48%

Overall NAT. AVG.

0%

Goods & Services NAT. AVG.

150%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Fernan Lake Village	Idaho	National
Cost of living	148	96	100
Goods & Services	100	101	100
Groceries	111	101	100
Health care	112	99	100
Housing	250	88	100
Transportation	118	105	100
Utilities	97	86	100

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Cost Of Living Quick Facts

The cost of living in Fernan Lake Village is 55% higher than the Idaho average
The cost of living in Fernan Lake Village is 48% higher than the national average
Fernan Lake Village housing is 150% higher than the national average
Idaho general sales tax is 18% higher than the national average
Idaho state income tax is 123% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$103,750	$8,646	$2,421	$3,113
Renters	$0	$0	$0	$0

Idaho Sales Tax

State	General Sales Tax	With Max Surtax
Idaho	6%	8.5%

Idaho Income Tax

State	Income Tax (Low)	Income Tax (High)
Idaho	5.8%	5.8%

Goods & Services

Item	Fernan Lake Village	National avg.	Difference
Haircut	$27.83	$24.26	14.7%
Beauty Salon	$51.82	$45.56	13.7%
Toothpaste	$3.72	$3.70	0.4%
Shampoo	$1.29	$1.28	0.6%
Movie	$14.89	$12.13	22.7%
Bowling	$23.19	$18.00	28.8%

Groceries

Item	Fernan Lake Village	National avg.	Difference
Ground Beef	$6.17	$5.84	5.7%
Fried Chicken	$2.22	$1.57	41.0%
Milk	$4.92	$4.67	5.3%
Potatoes	$4.89	$4.93	0.9%
Pizza	$11.23	$12.09	7.1%
Beer	$11.57	$10.41	11.1%

Health Care

Item	Fernan Lake Village	National avg.	Difference
Optometrist	$165.73	$125.68	31.9%
Doctor	$168.55	$135.78	24.1%
Dentist	$118.01	$113.29	4.2%
Ibuprofen	$11.49	$10.65	7.9%
Lipitor	$477.18	$468.60	1.8%

Housing

Item	Fernan Lake Village	National avg.	Difference
Home Price	$462,100.00	$184,700.00	150.2%
Avg. Mortgage Payment	$2,282.29	$2,346.69	2.7%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Fernan Lake Village	National avg.	Difference
Gasoline	$4.30	$3.46	24.2%
Tire Balancing	$60.58	$59.92	1.1%

Utilities

Item	Fernan Lake Village	National avg.	Difference
All Electricity	$178.20	$193.99	8.1%
Phone	$201.25	$192.25	4.7%

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	Population	Cost of Living Index	National Avg.
State Line, ID	14	105	4.7%
Huetter, ID	189	106	5.6%
Hauser, ID	927	109	9.5%
Rathdrum, ID	8,672	110	10.2%
Post Falls, ID	34,971	111	11.3%
Fernan Lake Village, ID	118	148	48.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Chalkyitsik, AK	118	100	0.2%
Delta, AL	118	96	4.3%
Reed, AR	118	79	21.4%
Katherine, AZ	118	89	10.7%
Montgomery Creek, CA	118	102	1.5%
Fernan Lake Village, ID	118	148	48.4%