Cost of Living in Idaho Falls, ID
Population 67,725 · Census ACS 2020–2024 5-year estimates
The median rent in Idaho Falls, ID is $1,075/month, 13% lower than the Idaho median and 24% lower than the U.S. median. The median home value is $335,500, about the same as the national median. Households earn a median of $73,110 a year, 6% lower than the state median.
Affordability
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Idaho Falls vs. Idaho vs. U.S.
| Idaho Falls | Idaho | U.S. | |
|---|---|---|---|
| Median rent | $1,075 | $1,238 | $1,413 |
| Median home value | $335,500 | $418,600 | $332,700 |
| Median household income | $73,110 | $77,800 | $80,734 |
| Homeownership rate | 64.2% | 72.1% | 65.2% |
| Bachelor's degree or higher | 31.7% | 31.8% | 35.7% |
| Poverty rate | 11.5% | 10.6% | 12.5% |
| Unemployment rate | 4.2% | 3.7% | 5.2% |
| Work from home | 9.5% | 13.3% | 15.1% |
| Median age | 33.7 | 37.3 | 38.9 |
FAQ
What is the average rent in Idaho Falls, ID?
The median gross rent in Idaho Falls, ID is $1,075 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Idaho Falls, ID?
Using the common 30% rule, renting a median-priced home takes about $43,000 a year in gross income.
Is Idaho Falls, ID expensive to live in?
Rent there is 24% lower than the U.S. median, and the median home costs about 4.6 times the median household income.
Other cities in Idaho
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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