Idaho Falls, ID

Below Avg · 80

Idaho · Population 66,672 · Updated March 2026

$992
Median Rent / Month
$69,630
Median Income
$298,600
Median Home Value
$1,057
Owner Costs / Month

Affordability

How far your income goes in Idaho Falls

17.1%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Idaho

State-level tax rates that affect your costs

5.8%
Income Tax (Top Rate)
6.0%
Sales Tax
0.63%
Property Tax Rate

Estimated Annual Costs

$11,904
Annual Rent
$4,039
State Income Tax
$1,881
Property Tax (est.)

Cost of Living Overview

Idaho Falls is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 80 (where 100 equals the national median), Idaho Falls residents can expect to pay median rent of $992/month while earning a median household income of $69,630/year.

The median home value in Idaho Falls, ID is $298,600, with typical monthly owner costs around $1,057 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.1% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Idaho has a moderate income tax rate of 5.8%. Combined with a 6.0% sales tax rate and 0.63% effective property tax rate, the overall tax environment is a factor in the total cost of living in Idaho Falls.

Frequently Asked Questions

Common questions about living costs in Idaho Falls

What is the cost of living in Idaho Falls, ID?
The cost of living index in Idaho Falls, ID is 80 (US average = 100). Median monthly rent is $992, median household income is $69,630/year, and the median home value is $298,600.
Is Idaho Falls, ID affordable?
Yes, Idaho Falls is more affordable than the national average with a cost index of 80. The rent-to-income ratio is 17.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Idaho Falls, ID?
The median gross rent in Idaho Falls, ID is $992 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,904.
What is the median household income in Idaho Falls?
The median household income in Idaho Falls, ID is $69,630 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Idaho?
Idaho has a top income tax rate of 5.8%, a sales tax of 6.0%, and an effective property tax rate of 0.63%.