Twin Falls, Idaho Cost Of Living

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Overall 13%

Goods & Services 8%

Housing 22%

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	Twin Falls	Idaho	National
Cost of living	87	94	100
Goods & Services	92	99	100
Groceries	90	93	100
Health care	91	96	100
Housing	78	88	100
Transportation	103	108	100
Utilities	82	82	100

Key findings

The cost of living in Twin Falls is 7% lower than the Idaho average
The cost of living in Twin Falls is 13% lower than the national average
Twin Falls housing is 22% 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	$55,815	$4,651	$1,302	$1,675
Renters	$28,522	$2,377	$665	$856

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 $55,815. This would allow for a maximum of $1,302 per month to be spent on housing costs. For renters, the median monthly income is $28,522 which would result in a maximum of $665 to be spent on rental 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%	6.925%

Goods & Services

Item	Twin Falls	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	Twin Falls	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	Twin Falls	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	Twin Falls	National avg.	Difference
Home Price	$143,400.00	$184,700.00	22.4%
Avg. Mortgage Payment	$1,148.34	$1,273.32	9.8%
Apartment Rent	$734.00	$949.00	22.7%

Transportation

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

Utilities

Item	Twin Falls	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.
Eden, ID	379	79	-21%
Buhl, ID	4,243	80	-20%
Hansen, ID	1,357	82	-18%
Hollister, ID	141	82	-18%
Jerome, ID	11,140	84	-16%
Twin Falls, ID	46,623	87	-13%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Glenview, IL	46,559	145	45%
Palm Springs, CA	46,714	121	21%
San Luis Obispo, CA	46,716	159	59%
Columbus, IN	46,474	94	-6%
Texas City, TX	46,811	89	-11%
Twin Falls, ID	46,623	87	-13%

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