Idaho, the Gem State, offers many reasons for people to call this place home. Numerous outdoor activities such as skiing, hiking, and hunting, along with an attractive job market, make Idaho a preferred place to call home. Analyze the Cost of Living in Idaho and Find Out the Benefits of Moving Here
What’s the cost of living in Idaho?
The cost of living in Idaho is slightly lower than the national average. According to BestPlaces research, based on a U.S. average of 100, Idaho scores 97.7 on an Idaho Cost of Living Index compared to other U.S. locations. You’ll save money on utilities and transportation, as these two areas cost around 20% less than the national average. Still, housing costs in cities like Eagle and Boise can be slightly higher than the national average.
How much does it cost to live in Idaho? The average rent for a one-room apartment in Idaho is around $ 626, although that cost varies by city.
However, renting an apartment or a house in Idaho is generally more affordable. Renting also has less upfront costs and requires less liability than buying a home. Plus, renting a house or apartment allows you to discover a place to determine if you like living in Idaho before making a more lasting commitment.
How Much Does an Apartment Cost in Idaho?
Idaho real estate is affordable. However, if you are planning on living in a beach resort, expect your cost of living in Idaho to be considerably high. Boise, the capital, has a median rental cost of around $ 1,393 per month for a two-bedroom apartment. If you are sharing the costs with roommates, this price is not that bad. Also, you can find a studio in Boise for an average of $ 700. Idaho Falls is another attractive city with high employment levels and an average rent of $ 959 for a two-bedroom apartment.
More rural areas of Idaho have higher apartment costs than urban areas. Resort towns such as Sun Valley have a cost of living score 71% higher than the national average. Of course, accommodation is quite expensive here. Resort towns like Sun Valley have limited apartment rental options, and it may be easier to live in a nearby town like Ketchum. However, the options are limited and studios can cost an average of $ 800. Eagle is another suburban area with high apartment costs. A two-bedroom apartment downtown will cost you almost $ 2,500 per month.
How to Find Cheap Apartments in Idaho?
In many cities such as Boise, Meridian, and Nampa, rent prices are higher than in the rest of the state, with the average monthly rate for a one-bedroom apartment costing $ 1,200. However, depending on your living situation, these cities can be more than affordable. If you live with roommates, this arrangement can help keep costs down. In addition, these cities tend to offer jobs that pay a higher salary than the rest of the state.
Suppose you want to find the cheapest place to live, given the cost of living in Idaho in the city of your choice. Explore towns such as Jerome, Blackfoot, Pocatello, and Chubbuck. These small southeastern towns have some of Idaho’s lowest rental prices, with an average one-bedroom apartment costing around $ 600. Be sure to factor in other costs such as rental application fees, tenant insurance, and utilities before signing a lease for an apartment.
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What’s the cheapest rent in Idaho?
Now that you’ve seen the expenses associated with rural living in Idaho, consider more affordable city options. Emmett, Idaho, has two-bedroom apartments at an average of $ 719 per month. While Emmett’s employment opportunities are lower than in other towns in the state, Emmett is an hour’s drive from Boise. Caldwell is another affordable town, just 30 minutes from Boise. It has an average cost of living 9% lower than the national average and an average two-bedroom apartment rental fee of $ 746 per month.
Although it may be cheaper to live outside of the big cities, you can still find affordable apartments in the cities. A studio in Boise can cost $ 700, but the city also has better public transportation and better employment opportunities than other cities in the state. Idaho Falls is another city that ranks among the most affordable. This small town has a population of 5,176, but a decent job market exists here, and you can rent a two-bedroom apartment for an average of $ 800.
How Much Do Utilities Cost in Idaho?
Utilities are where you’ll save money moving to Idaho, especially if you consider living expenses in Idaho. Gem State has one of the lowest utility bills in the country, falling about 18% below the national average. Natural gas is very affordable and costs an average of $ 52.89 per month. Total expenses for electricity, natural gas, Internet, cable and water will average about $ 343 per month. Idaho is a state with some of the worst winter weather conditions which can include subzero temperatures, snowstorms, and strong winds. Find an apartment for the winter to reduce heating costs.
What are the other living expenses in Idaho?
Transportation is another living expense to consider before moving to Idaho. Many towns in Idaho have limited public transportation, and having a car is a must. However, many cities are trying to improve their public transport. Additionally, in and around Boise, you can use the Valley Regional Transit System. An annual pass costs just $ 282 and serves Boise, Garden City, Nampa, and Caldwell. Big cities like Boise are investing more money in bike lanes and making the city a better place for biking.
Those who use a car can expect gasoline prices to be at or slightly above the national average. You may also want to invest in snow tires or snow chains, as winter driving can be difficult on Idaho highways and roads. Driving around Idaho is pleasant enough because no major city in Idaho experiences significantly heavy traffic.