Idaho · Population 124,865 · Updated March 2026
How far your income goes in Meridian
State-level tax rates that affect your costs
Meridian has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 131 (where 100 equals the national median), Meridian residents can expect to pay median rent of $1,714/month while earning a median household income of $98,686/year.
The median home value in Meridian, ID is $485,000, with typical monthly owner costs around $1,607 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.8% 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 Meridian.
Common questions about living costs in Meridian
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