Gooding, Idaho Cost Of Living

Buy Rent

A

Overall 20%

Goods & Services 8%

Housing 48%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Gooding	Idaho	National
Cost of living	80	94	100
Goods & Services	92	99	100
Groceries	90	93	100
Health care	91	96	100
Housing	52	88	100
Transportation	103	108	100
Utilities	82	82	100

Key findings

The cost of living in Gooding is 15% lower than the Idaho average
The cost of living in Gooding is 20% lower than the national average
Gooding housing is 48% lower than the national average
Idaho general sales tax is 18% higher than the national average
Idaho state income tax is 54% lower 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	$36,778	$3,065	$858	$1,103
Renters	$20,346	$1,696	$475	$610

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	1.125%	6.925%

Goods & Services

Item	Gooding	National avg.	Difference
Haircut	$12.30	$17.49	29.7%
Beauty Salon	$27.00	$38.17	29.3%
Toothpaste	$2.51	$2.32	8.1%
Shampoo	$0.96	$1.01	5.1%
Movie	$10.00	$10.72	6.8%
Bowling	$10.67	$13.86	23.0%

Groceries

Item	Gooding	National avg.	Difference
Ground Beef	$4.04	$3.90	3.6%
Fried Chicken	$1.03	$1.40	26.2%
Milk	$1.61	$1.96	17.9%
Potatoes	$1.58	$3.18	50.4%
Pizza	$9.99	$10.39	3.9%
Beer	$8.56	$9.23	7.3%

Health Care

Item	Gooding	National avg.	Difference
Optometrist	$97.60	$106.34	8.2%
Doctor	$100.83	$115.25	12.5%
Dentist	$92.40	$98.38	6.1%
Ibuprofen	$7.94	$9.26	14.3%
Lipitor	$433.02	$466.47	7.2%

Housing

Item	Gooding	National avg.	Difference
Home Price	$81,100.00	$184,700.00	56.1%
Avg. Mortgage Payment	$1,148.34	$1,273.32	9.8%
Apartment Rent	$675.00	$949.00	28.9%

Transportation

Item	Gooding	National avg.	Difference
Gasoline	$2.82	$2.59	8.7%
Tire Balancing	$47.00	$48.90	3.9%

Utilities

Item	Gooding	National avg.	Difference
All Electricity	$124.10	$167.60	26.0%
Phone	$168.15	$163.42	2.9%

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, State	Population	Cost of Living Index	National Avg.
Bliss, ID	357	80	-20%
Hagerman, ID	1,100	82	-18%
Wendell, ID	2,708	84	-16%
Gooding, ID	3,494	80	-20%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Camden, DE	3,494	114	14%
Newport, SC	3,493	99	-1%
Society Hill, NJ	3,495	132	32%
Etowah, TN	3,493	82	-18%
Summersville, WV	3,496	81	-19%
Gooding, ID	3,494	80	-20%

Source: The Gooding, ID cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Gooding, ID Cost of Living