GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost Of Living In Idaho

The average cost of living in Idaho is below the national average, with housing costs slightly higher than the rest of the country but transportation and healthcare costs lower.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the average cost of living in Idaho based on various statistics ranging from transportation and utility costs to housing expenses and healthcare expenditures. Understanding these key figures can provide valuable insights for individuals considering relocating to or residing in the state of Idaho.

Statistic 1

"Transportation costs in Idaho are approximately 5% lower than the national average."

Statistic 2

"Utility costs in Idaho are about 20% lower than the national average."

Statistic 3

"The average monthly utility bill in Idaho is around $87."

Statistic 4

"Healthcare costs in Idaho are close to the national average, with an index of 101."

Statistic 5

"Monthly childcare costs in Idaho average $800."

Statistic 6

"The cost of dining out in Idaho is around 10% cheaper than the national average."

Statistic 7

"The average annual premium for a homeowner’s insurance policy in Idaho is $679."

Statistic 8

"The average price for a gallon of gas in Idaho is $3.10."

Statistic 9

"The average rent for a one-bedroom apartment in Idaho is $950 per month."

Statistic 10

"Housing costs in Idaho are approximately 11% lower than the national average."

Statistic 11

"Idaho's sales tax rate is 6%."

Statistic 12

"Internet costs in Idaho average around $68 per month."

Statistic 13

"Idaho's overall cost of living index is 94.4."

Statistic 14

"The average cost of living in Idaho is 7% lower than the national average."

Statistic 15

"The cost of senior living in Idaho is approximately $3,200 per month."

Statistic 16

"The average salary in Idaho is about $48,000 per year."

Statistic 17

"Property tax rates in Idaho are around 0.76%, which is below the national average."

Statistic 18

"The average car insurance premium in Idaho is $887 per year."

Statistic 19

"Idaho's grocery cost index is 92, which is 8% lower than the U.S. average."

Statistic 20

"The median home price in Idaho is $349,000 as of 2021."

In conclusion, the average cost of living in Idaho is notably lower than the national average across various aspects. Residents benefit from lower transportation and utility costs, more affordable healthcare, dining, and housing options, as well as favorable property tax rates and grocery expenses. With a cost of living index below the national average and a median home price that is relatively affordable, Idaho presents itself as an attractive destination for those seeking a more budget-friendly lifestyle without compromising on quality.