Jerome, ID Cost Of Living
Cost Of Living In Jerome, ID Summary
Cost of living in Jerome 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 Jerome 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 Jerome is 84, with 100 being the average.
The cost of living index in Jerome is 0.8x lower than the national average.
Jerome ranks as the #4 cheapest in Idaho out of 32.
Jerome ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Jerome is $168,200.
The median income in Jerome is $54,535.
Table Of Contents
Jerome's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Jerome, ID?
According to the most recent data on the cost of living, Jerome has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Idaho, Jerome has a cost of living index that's 0.8x lower than Idaho's index of 99.
The standard of living in Jerome ranks as #4 most affordable out of the 32 places we measured in Idaho. By definition, that implies Jerome ranks as the #28 most expensive place in the Gem State.
For more reading on life in Jerome, check out:
- Living In Jerome
- Jerome Crime Report
- Search Homes For Sale In Jerome, ID
In Idaho
In America
Jerome Cost Of Living Vs. Idaho
Six factors go into calculating the cost of living index in Jerome. Here is how it fairs on each of the criteria:
The Services index in Jerome is 87.
The Groceries index in Jerome is 90.
The Health index in Jerome is 90.
The Housing index in Jerome is 67.
The Transportation index in Jerome is 103.
The Utilities index in Jerome is 85.
| Living Expense | Jerome | Idaho | National Average | |
|---|---|---|---|---|
| Overall | 84 | 99 | 100 | |
| Services | 87 | 100 | 100 | |
| Groceries | 90 | 98 | 100 | |
| Health | 90 | 95 | 100 | |
| Housing | 67 | 100 | 100 | |
| Transportation | 103 | 109 | 100 | |
| Utilities | 85 | 82 | 100 | |
Jerome, 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 Jerome is $168,200.
The Median Rent in Jerome is $804.
The Median Income in Jerome is $54,535.
The Home Value To Income in Jerome is 3.1x.
The Rent To Monthly Income in Jerome is 0.18x.
| Statistic | Jerome | Idaho | United States |
|---|---|---|---|
| Median Home Value | $168,200 | $266,500 | $244,900 |
| Median Rent | $804 | $952 | $1,163 |
| Median Income | $54,535 | $63,377 | $69,021 |
| Home Value To Income | 3.1x | 4.2x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Jerome, ID Costs By Category
Detailed Jerome Services Costs Vs. Idaho
Detailed Jerome Groceries Costs Vs. Idaho
Detailed Jerome Health Costs Vs. Idaho
Detailed Jerome Transportation Costs Vs. Idaho
Detailed Jerome Utilities Costs Vs. Idaho
Jerome SnackAbility
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Cost Of Living In Cities Around Jerome
The cost of living varies in the cities and towns around Jerome. Here's a quick look at the cost of living in the most populous nearby places:
Twin Falls, ID has a cost of living index of 85, 1.0x Jerome.
Burley, ID has a cost of living index of 79, 0.9x Jerome.
Rupert, ID has a cost of living index of 80, 1.0x Jerome.
| City | Population | Cost Of Living | Vs. Jerome |
|---|---|---|---|
| Twin Falls, ID | 51,223 | 85 | 1.0x |
| Burley, ID | 11,274 | 79 | 0.9x |
| Rupert, ID | 5,994 | 80 | 1.0x |
