B-
16%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
42%
Housing NAT. AVG.
Search Homes for Sale
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 Hayden Idaho National
Cost of living11696100
Goods & Services100101100
Groceries111101100
Health care11299100
Housing14288100
Transportation118105100
Utilities9786100

An Overview of Cost of Living in Hayden, ID

Knowing the cost of living in Hayden allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Hayden stands at 116, marking it 16% higher than the national average.

Housing costs significantly influence the Hayden cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 41.8%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

The surge in grocery costs is indeed alarming, especially when groceries make up a large portion of your monthly expenditures. Over the past two years, there has been an inflation of over 10% in grocery prices. Unfortunately, Hayden does not fare better, with grocery expenses coming in at 10.8% higher than the national average.

Is Hayden Affordable?

Is Hayden an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Hayden is 51.6% higher than the national average, while the average monthly rent prices are 19% higher than average. The affordability of any location can also be influenced by median income levels. Hayden has a median household income of $57,981, which is 4.8% higher than the national average.

What Factors can Influence the Cost of Living in Hayden?

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Hayden, the utilities index is 3.1% lower than the national average.

Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Hayden, healthcare costs are 11.6% higher than the national average.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Hayden, the groceries index registers 10.8% higher than the national average.

Where is the Data From?

The cost of living in Hayden, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

New Real Estate Listings in Hayden Area
Search Homes for Sale in Hayden, ID

Cost Of Living Quick Facts

  • The cost of living in Hayden is 21% higher than the Idaho average
  • The cost of living in Hayden is 16% higher than the national average
  • Hayden housing is 42% higher than the national average
  • Idaho general sales tax is 18% higher than the national average
  • Idaho state income tax is 50% lower than the national average

Most Affordable Places to Live in and Around Hayden

See all the best places to live around Hayden

Compare Hayden, ID Cost of Living

      vs
      How would you rate the cost of living in Hayden?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Hayden?
      Write a review to give others more information about this area.
      See all Hayden poll results

      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$65,554$5,463$1,529$1,967
      Renters$41,886$3,491$977$1,257
      The affordability of the housing market in Hayden, ID as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Hayden homeowners, the median income is $65,554. This indicates that a monthly maximum of $1,529 should be spent by homeowners on all housing related costs. Renters have a median income of $41,886. This indicates that renters would have a maximum of $977 for their rent related monthly costs.

      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% 6.5%

      Goods & Services

      Item Hayden National avg. Difference
      Haircut $27.83$24.2614.7%
      Beauty Salon $51.82$45.5613.7%
      Toothpaste $3.72$3.700.4%
      Shampoo $1.29$1.280.6%
      Movie $14.89$12.1322.7%
      Bowling $23.19$18.0028.8%

      Groceries

      Item Hayden National avg. Difference
      Ground Beef $6.17$5.845.7%
      Fried Chicken $2.22$1.5741.0%
      Milk $4.92$4.675.3%
      Potatoes $4.89$4.930.9%
      Pizza $11.23$12.097.1%
      Beer $11.57$10.4111.1%

      Health Care

      Item Hayden National avg. Difference
      Optometrist $165.73$125.6831.9%
      Doctor $168.55$135.7824.1%
      Dentist $118.01$113.294.2%
      Ibuprofen $11.49$10.657.9%
      Lipitor $477.18$468.601.8%

      Housing

      Item Hayden National avg. Difference
      Home Price $280,000.00$184,700.0051.6%
      Avg. Mortgage Payment $2,282.29$2,346.692.7%
      Apartment Rent $1,129.00$949.0019.0%

      Transportation

      Item Hayden National avg. Difference
      Gasoline $4.30$3.4624.2%
      Tire Balancing $60.58$59.921.1%

      Utilities

      Item Hayden National avg. Difference
      All Electricity $178.20$193.998.1%
      Phone $201.25$192.254.7%
      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, ID141054.7%
      Athol, ID697981.8%
      Spirit Lake, ID2,4191043.8%
      Huetter, ID1891065.6%
      Hauser, ID9271099.5%
      Hayden, ID15,04911615.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      West Park, FL15,0521087.9%
      Newport, KY15,045963.5%
      Stone Ridge, VA15,03415655.7%
      Williamsburg, VA15,03411919.4%
      St. Augustine, FL15,06511010.4%
      Hayden, ID15,04911615.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.