Cost Of Living in Wallace, ID

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13%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

43%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Wallace	Idaho	National
Cost of living	87	98	100
Groceries	101	102	100
Health care	102	101	100
Housing	57	90	100
Transportation	98	103	100
Utilities	98	101	100
Lifestyle & Entertainment	106	105	100
Household Items	98	101	100
Education & Childcare	100	101	100

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Homes For Sale In Wallace, ID

NNA Beaver Creek Rd

, ID

NKA Coeur d'Alene River Rd

Kingston, ID

204 Mine Ave

Wallace, ID

405 Shady Ln

Wallace, ID

See the Newest Homes For Sale In Wallace, ID

Cost Of Living Quick Facts

The cost of living in Wallace is 11% lower than the Idaho average
The cost of living in Wallace is 13% lower than the national average
Wallace housing is 43% lower than the national average
Idaho general sales tax is 18% higher than the national average
Idaho state income tax is 123% higher than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$110,220	$9,185	$2,572	$3,307
Renters	$43,009	$3,584	$1,003	$1,290

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	5.8%	5.8%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Smelterville, ID	569	88	11.7%
Mullan, ID	805	89	11.3%
Osburn, ID	1,595	90	10.0%
Kellogg, ID	2,287	90	10.0%
Wardner, ID	248	93	6.6%
Wallace, ID	1,117	87	12.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Berry, AL	1,117	82	18.3%
Ray City, GA	1,117	89	10.6%
Rochelle, GA	1,117	84	16.0%
Brooklyn, MI	1,117	89	10.6%
Lincoln, NH	1,117	109	9.1%
Wallace, ID	1,117	87	12.6%