Cost of Living in Idaho Falls, ID

Population 66,672 · Idaho · Data vintage 2023

89
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Most of Idaho Falls's cost indicators track within a reasonable band of national figures, with median household incomes near $69,630 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.

Geographically, Idaho Falls lies roughly 185 miles north of the nearest major metro, Salt Lake City. Median home values run roughly 40% lower than Salt Lake City's $496,000.

Cost Overview

Housing 98
Rent 75

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Idaho Falls

The median home value in Idaho Falls is $298,600 — 2% below the national median of $305,000. Median rent runs $992/month, 25% lower than the national median of $1,314/month. The median household income of $69,630/year is 7% lower than the US median of $74,580. The local unemployment rate is 4.0%, below the national average of 4.8%. Idaho's top state income tax rate is 5.8% and the combined sales tax is 6.0%. The climate averages highs of 57.5°F and lows of 30.9°F. Overall, Idaho Falls has a cost of living index of 89 versus the US average of 100, meaning it is 11% less expensive.

🏠 Housing

Median Home Value
$298,600
2% below avg
Zillow Home Value
$390,738
Zillow ZHVI
Median Rent
$992/mo
25% below avg
Zillow Rent
$1,330/mo
Zillow ZORI
Price-to-Rent Ratio
25.1x
Favors renting
Property Tax Rate
0.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$752
1 BR
$822
2 BR
$982
3 BR
$1,367
4 BR
$1,643
Owner-occupied 64.1%
Renter-occupied 35.9%

💰 Estimated Monthly Budget

Rent median rent
$992
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,606/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
19.9 min
26% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.3%

Commute Mode

Drove alone
74.0%
Carpooled
11.4%
Public transit
2.6%
Walked
1.5%
Bicycle
0.7%
Work from home
8.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 0.7%

💼 Income & Employment

Median Household Income
$69,630
7% below avg
Per Capita Income
$33,511
Unemployment Rate
4.0%
17% below avg
Poverty Rate
12.0%
Labor Force Participation
65.6%

🎓 Education

Bachelor's degree+ 21.4%
Graduate degree 9.5%

👥 Demographics

Median Age 33.5
Male median age 33.6
Female median age 33.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.5°F
Avg Low
30.9°F
Annual Precip
10.1"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 293447586776878675594330
Low °F 121625313845494841312213
Precip" 0.670.560.811.031.571.090.460.590.970.880.660.78

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 25 — Good
93.7%
Good air days/yr
84
Max AQI recorded
348
PM2.5 days
0
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

84.2%
4-Year Graduation Rate
20.6:1
Student-teacher ratio
44
Public schools
23,668
Total enrollment

Frequently Asked Questions

What is the cost of living in Idaho Falls, ID?

Idaho Falls has a cost index of 89 (100 = national average). It is 11% below the national average.

What is average rent in Idaho Falls, ID?

The median gross rent in Idaho Falls is $992 per month based on 2023 Census data.

What is the average home price in Idaho Falls?

The median home value in Idaho Falls is $298,600 according to Zillow and Census data.

What is the median income in Idaho Falls?

The median household income in Idaho Falls is $69,630 per year (2023 ACS 5-year estimates).

What is the sales tax in Idaho Falls, ID?

The combined state and local sales tax rate in Idaho Falls is 6.0%. The Idaho state income tax top rate is 5.8%.

Is Idaho Falls, ID affordable?

Yes, Idaho Falls is generally considered affordable, with a cost of living index of 89 — about 11% below the US national average of 100.

What is the weather like in Idaho Falls?

Idaho Falls has average high temperatures of 57.5°F and average lows of 30.9°F. Annual precipitation is 10.1". Data from NOAA 1991–2020 Climate Normals.

Idaho Falls at a Glance

Population
66,672
Median Income
$69,630
Home Value
$298,600
Median Rent
$992/mo
Unemployment
4.0%
Avg High Temp
57.5°F
Sales Tax
6.0%
View all cities in Idaho →
🗺️ County data for Idaho

Explore county-level cost of living data

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