Twin Falls, ID

Below Avg · 78

Idaho · Population 53,219 · Updated March 2026

$1,011
Median Rent / Month
$60,760
Median Income
$279,400
Median Home Value
$1,077
Owner Costs / Month

Affordability

How far your income goes in Twin Falls

20.0%
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

$12,132
Annual Rent
$3,524
State Income Tax
$1,760
Property Tax (est.)

Cost of Living Overview

Twin Falls is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 78 (where 100 equals the national median), Twin Falls residents can expect to pay median rent of $1,011/month while earning a median household income of $60,760/year.

The median home value in Twin Falls, ID is $279,400, with typical monthly owner costs around $1,077 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.0% 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 Twin Falls.

Frequently Asked Questions

Common questions about living costs in Twin Falls

What is the cost of living in Twin Falls, ID?
The cost of living index in Twin Falls, ID is 78 (US average = 100). Median monthly rent is $1,011, median household income is $60,760/year, and the median home value is $279,400.
Is Twin Falls, ID affordable?
Yes, Twin Falls is more affordable than the national average with a cost index of 78. The rent-to-income ratio is 20.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Twin Falls, ID?
The median gross rent in Twin Falls, ID is $1,011 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,132.
What is the median household income in Twin Falls?
The median household income in Twin Falls, ID is $60,760 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%.