| Index | Jerome | Idaho | National |
| Cost of living | 96 | 98 | 100 |
| Groceries | 102 | 102 | 100 |
| Health care | 99 | 101 | 100 |
| Housing | 82 | 90 | 100 |
| Transportation | 104 | 103 | 100 |
| Utilities | 100 | 101 | 100 |
| Lifestyle & Entertainment | 104 | 105 | 100 |
| Household Items | 100 | 101 | 100 |
| Education & Childcare | 98 | 101 | 100 |
Getting a feel for the cost of living in Jerome is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Jerome is 96, which is 4% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Jerome is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is Jerome affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Jerome, for instance, where the median home price falls 17.1% lower than the national average, and monthly rent rates are 19.2% lower than usual. Additionally, median income levels contribute to the equation, with Jerome flaunting a median household income of $70,561, 13.2% lower than the national norm.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Jerome, the utilities index registers 0.4% lower than the national average.
The Jerome cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $80,429 | $6,702 | $1,877 | $2,413 |
| Renters | $51,503 | $4,292 | $1,202 | $1,545 |
| State | General Sales Tax | With Max Surtax |
| Idaho | 6% | 8.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Idaho | 5.8% | 5.8% |
| City | Population | Cost of Living Index | National Avg. |
| Dietrich, ID | 374 | 90 | 9.8% |
| Wendell, ID | 2,832 | 91 | 9.5% |
| Buhl, ID | 4,608 | 91 | 9.1% |
| Hansen, ID | 1,366 | 91 | 9.0% |
| Filer, ID | 2,935 | 98 | 1.8% |
| Jerome, ID | 12,101 | 96 | 4.4% |
| City | Population | Cost of Living Index | National Avg. |
| North Wantagh, NY | 12,102 | 141 | 40.7% |
| Smyrna, DE | 12,109 | 105 | 4.7% |
| Oskaloosa, IA | 12,090 | 84 | 15.7% |
| Mackenzie County, AB | 12,113 | n/a | |
| Little Chute, WI | 12,116 | 96 | 4.1% |
| Jerome, ID | 12,101 | 96 | 4.4% |
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