Cost of Living in Twin Falls, ID

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An Overview of Cost of Living in Twin Falls, ID

Knowing the cost of living in Twin Falls 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 Twin Falls stands at 94, marking it 6% lower than the national average.

In Twin Falls, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Twin Falls will resemble that of an average city, contributing to a manageable cost of living.

What Do Locals Say About the Cost of Living in Twin Falls?

Locals have the inside scoop on their city. So, we polled 24 residents in Twin Falls to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 38% find it reasonable with decreasing prices, but 63% think it's quite pricey, with prices that continue to rise.

Is Twin Falls Affordable?

Is Twin Falls 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 Twin Falls, for instance, where the median home price falls 5% lower than the national average, and monthly rent rates are 12.5% lower than usual. Additionally, median income levels contribute to the equation, with Twin Falls flaunting a median household income of $76,040, 6.5% lower than the national norm.

What Factors can Influence the Cost of Living in Twin Falls?

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Twin Falls, healthcare costs are 8.6% higher than the national average.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Twin Falls, the utilities index registers at 27.2% lower than the national average.

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Where is the Data From?

The cost of living data in Twin Falls displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

Most Affordable Places to Live in and Around Twin Falls

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Median Income & Debt-To-Income Ratio

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Twin Falls, ID, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Twin Falls homeowners, is $88,265. This would allow for a maximum of $2,059 per month to be spent on housing costs. For renters, the median monthly income is $53,171 which would result in a maximum of $1,241 to be spent on rental costs.

Idaho Sales Tax

Idaho Income Tax

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Groceries

Health Care

Housing

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Utilities

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.

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Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.