Idaho Cost Of Living Statistics

Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

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Idaho Cost Of Living Statistics 2023: Facts about Cost Of Living in Idaho reflect the current socio-economic condition of the state.


LLCBuddy editorial team did hours of research, collected all important statistics on Idaho Cost Of Living, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start an Idaho LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will Idaho Cost Of Living Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Idaho Cost Of Living Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 11 Idaho Cost Of Living Statistics on this page 🙂

Idaho Cost Of Living “Latest” Statistics

  • According to the Composite Cost of Living Index published by the Missouri Economic Research and Information Center, Idaho has a cost of living that is 21% higher than the national average.[1]
  • According to the 2020 Bureau of Economic Analysis Personal Consumption Expenditures by State report, the average yearly cost of health care in Idaho is $6,169 per person.[2]
  • With a utility score of 82, Boise’s average service costs are 18% lower than the national average.[3]
  • Idaho’s cost of living is just 37% more expensive than Montana’s, therefore these two states’ cost of living levels out quite evenly.[4]
  • Idaho has the 25th lowest cost of living in the U.S., ranking it in the center of all 50 states and the district of columbia, according to MERIC data collected in the third quarter of 2021.[2]

Idaho Cost Of Living “Be” Statistics

  • Compared to the national average, food expenditures are 6% lower in idaho, and a recent survey found that residents spend just between $3,200 to $3,600 a year on groceries.[4]
  • In Idaho, incidentals like haircuts, clothing, and gym memberships are 5% cheaper than the national average.[4]

Idaho Cost Of Living “Living” Statistics

  • According to MIT, an individual living alone in idaho must earn at least $29,007 in order to cover all of their expenses.[4]

Idaho Cost Of Living “Other” Statistics

  • Residents pay a state income tax rate ranging from 1.125% to 6.925%, according to the Tax Foundation’s State Individual Income Tax Rates and Brackets for 2021.[2]
  • Boises healthcare expense index is 1% more than the national average when all factors are taken into account.[3]
  • In comparison to all other cities in the state and all but a handful of other communities worldwide, Boise’s overall employment increased by 19.9% over the course of the previous five years, according to their research.[3]

Also Read

How Useful is Idaho Cost of Living

Idaho is known for its stunning natural beauty, affordable housing, and relatively low taxes. These factors often make it an attractive option for those looking to stretch their dollars further. However, when considering the overall cost of living in Idaho, it’s important to examine how affordable it truly is for individuals and families.

One key factor to consider is housing costs. While Idaho may have lower housing prices compared to many states, it’s essential to look beyond just the upfront cost of buying a home. Factors such as property taxes, insurance rates, and maintenance costs can all impact the overall affordability of housing in the state. Additionally, rental prices have been on the rise in recent years, particularly in urban areas like Boise, which may make it less attractive for those looking to rent rather than buy.

Another important aspect of the cost of living to consider is healthcare. While Idaho does have a relatively low cost of healthcare compared to other states, access to quality healthcare services and health insurance coverage can vary depending on where you live in the state. Rural areas may have limited access to healthcare facilities and specialists, which can impact the overall affordability and quality of healthcare for residents.

Beyond housing and healthcare, other factors such as transportation, utilities, and groceries can all impact the cost of living in Idaho. While the state may have lower costs in some of these areas compared to other states, it’s crucial to consider the overall impact of these costs on your budget and quality of life.

Ultimately, while Idaho’s cost of living may be lower compared to many states, it’s important to weigh the pros and cons of living in the state based on your individual circumstances and needs. Factors such as job opportunities, schools, and community amenities also play a significant role in determining whether Idaho’s cost of living is truly useful in assessing affordability and quality of life.

In conclusion, while Idaho’s cost of living may be a useful starting point in assessing affordability and quality of life in the state, it’s essential to consider the full picture before making a decision to relocate. By looking beyond just the numbers and considering factors such as housing, healthcare, and overall lifestyle, you can make a more informed decision about whether Idaho is the right fit for you and your family.


  1. bigcountrynewsconnection –
  2. sofi –
  3. weknowboise –
  4. upnest –

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