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.
The above illustration supplies generalized information for the Mountain Home, ID cost of living index. Compared to other cities in Idaho and cities across the country, the cost of living index in Mountain Home, ID is 88, which is 6% lower than the Idaho average and 12% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Mountain Home, ID are 2% lower than the average for Idaho and 7% lower than the rest of the country.
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The cost of living in Mountain Home is 6% lower than the Idaho average.
The cost of living in Mountain Home is 12% lower than the national average.
The cost of housing in Mountain Home is 27% 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.
Compare Mountain Home, ID Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Use the salary calculator to compare your current salary in Mountain Home, 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 Mountain Home, ID, then you would need to earn more income in order to maintain the same standard of living. To use the Mountain Home, 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
Max Budget (28% DTI)
Max Budget (36% DTI)
The affordability of the housing market in Mountain Home, ID as well as the overall cost of living can be indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Mountain Home, ID homeowners, the median income is $63,021. This indicates that a monthly maximum of $1,470 should be spent by homeowners on all housing related costs. Renters have a median income of $27,956. This indicates that renters should have a maximum of $652 used for their rent related monthly costs.
Idaho Sales Tax
General Sales Tax
With Max Surtax
Idaho Income Tax
Income Tax (Low)
Income Tax (High)
One thing to keep in mind when considering the cost of living in Mountain Home, ID is the Idaho sales tax and Idaho income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Idaho sales tax rate is 6% and the maximum surtax that can be charged is 8.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Idaho income tax rates range from 1.6% to 7.4%.
Goods & Services
Avg. Mortgage Payment
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.