Hailey, ID Cost Of Living
Cost Of Living In Hailey, ID Summary
Cost of living in Hailey research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hailey is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Idaho, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hailey is 104, with 100 being the average.
The cost of living index in Hailey is 1.0x higher than the national average.
Hailey ranks as the #27 cheapest in Idaho out of 32.
Hailey ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Hailey is $419,800.
The median income in Hailey is $63,831.
Table Of Contents
Hailey's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hailey, ID?
According to the most recent data on the cost of living, Hailey has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Idaho, Hailey has a cost of living index that's 1.1x higher than Idaho's index of 99.
The standard of living in Hailey ranks as #27 most affordable out of the 32 places we measured in Idaho. By definition, that implies Hailey ranks as the #5 most expensive place in the Gem State.
For more reading on life in Hailey, check out:
- Living In Hailey
- Hailey Crime Report
- Search Homes For Sale In Hailey, ID
In Idaho
In America
Hailey Cost Of Living Vs. Idaho
Six factors go into calculating the cost of living index in Hailey. Here is how it fairs on each of the criteria:
The Services index in Hailey is 90.
The Groceries index in Hailey is 90.
The Health index in Hailey is 90.
The Housing index in Hailey is 130.
The Transportation index in Hailey is 102.
The Utilities index in Hailey is 81.
| Living Expense | Hailey | Idaho | National Average | |
|---|---|---|---|---|
| Overall | 104 | 99 | 100 | |
| Services | 90 | 100 | 100 | |
| Groceries | 90 | 98 | 100 | |
| Health | 90 | 95 | 100 | |
| Housing | 130 | 100 | 100 | |
| Transportation | 102 | 109 | 100 | |
| Utilities | 81 | 82 | 100 | |
Hailey, ID Housing Cost Breakdown
Housing swings affordability the most between places in Idaho, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hailey is $419,800.
The Median Rent in Hailey is $638.
The Median Income in Hailey is $63,831.
The Home Value To Income in Hailey is 6.6x.
The Rent To Monthly Income in Hailey is 0.12x.
| Statistic | Hailey | Idaho | United States |
|---|---|---|---|
| Median Home Value | $419,800 | $266,500 | $244,900 |
| Median Rent | $638 | $952 | $1,163 |
| Median Income | $63,831 | $63,377 | $69,021 |
| Home Value To Income | 6.6x | 4.2x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Hailey, ID Costs By Category
Detailed Hailey Services Costs Vs. Idaho
Detailed Hailey Groceries Costs Vs. Idaho
Detailed Hailey Health Costs Vs. Idaho
Detailed Hailey Transportation Costs Vs. Idaho
Detailed Hailey Utilities Costs Vs. Idaho
Hailey SnackAbility
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