These Are The 10 Cheapest Places To Live In Idaho For 2019

How We Determined The Most Affordable Places To Live In The Gem State For 2019

The two most important things to think about when it comes to being able to afford if you can live comes down to:

1. How much do money do I make?
2. How much do I have spend to live there?

You need to understand your costs in the context of how much money you make.

For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.

With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:

• Median Home Price / Median Income (lower is better)
• Median Income / Median Rent (Higher is better)
• Median Home Price

We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).

You can then compare these metrics in each of the places in Idaho to figure out which is the least expensive.

What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.

So we used that cost of living index in order to rank all of the 32 places in Idaho that have more than 5,000 people.

The place with the lowest cost of living in Idaho according to the data is Payette.

The 10 Cheapest Places To Live In Idaho For 2019

1. Payette

Payette is a city in and the county seat of Payette County, Idaho, United States. The population was 7,433 at the 2010 census. It is part of the Ontario, ORID Micropolitan Statistical Area.

The median income in Payette comes in at $50,300 and the median home value is $97,300 for 2019.

2. Blackfoot

Blackfoot is a city in Bingham County, Idaho, United States. The population was 11,899 at the 2010 census. The city is the county seat of Bingham County. Blackfoot boasts the largest potato industry in any one area, and is known as the “Potato Capital of the World.” It is the site of the Idaho Potato Museum, and the home of the world’s largest baked potato and potato chip. Blackfoot is also the location of the Eastern Idaho State Fair, which operates between Labor Day weekend and the following weekend.

The median income in Blackfoot comes in at $43,007 and the median home value is $122,800 for 2019.

3. Chubbuck

The median income in Chubbuck comes in at $56,966 and the median home value is $156,400 for 2019.

4. Burley

The median income in Burley comes in at $37,612 and the median home value is $104,100 for 2019.

5. Mountain Home

The median income in Mountain Home comes in at $48,625 and the median home value is $138,800 for 2019.

Review Of Mountain Home by Amanda Congiolosi

I lived in mountain Home for a few months for my husband’s work. It’s BAD. Sirens every hour. Drug deals right in front of you.

In the Caldwell nampa area now. I don’t like it.

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6. Caldwell

Caldwell is a city in and the county seat of Canyon County, Idaho, United States. The population was 46,237 at the 2010 census.

The median income in Caldwell comes in at $43,269 and the median home value is $121,400 for 2019.

7. Idaho Falls

Idaho Falls is a city in and the county seat of Bonneville County, Idaho, United States, and is the largest city in Eastern Idaho. As of the 2010 census, the population of Idaho Falls was 56,813, with a metro population of 136,108. As of 2016, the population was estimated at 60,211.

The median income in Idaho Falls comes in at $49,098 and the median home value is $145,800 for 2019.

8. Ammon

Ammon is an edge city of Idaho Falls in Bonneville County, Idaho, United States. As of the 2010 US Census, the population of Ammon was 13,816.

The median income in Ammon comes in at $62,336 and the median home value is $177,300 for 2019.

9. Rupert

Rupert is the county seat and largest city of Minidoka County, Idaho, United States. It is part of the Burley Micropolitan Statistical Area. The population was 5,554 at the 2010 census.

The median income in Rupert comes in at $35,510 and the median home value is $93,700 for 2019.

10. Pocatello

Pocatello ) is the county seat and largest city of Bannock County, with a small portion on the Fort Hall Indian Reservation in neighboring Power County, in the southeastern part of the U.S. state of Idaho. It is the principal city of the Pocatello metropolitan area, which encompasses all of Bannock county. As of the 2010 census the population of Pocatello was 54,255.

The median income in Pocatello comes in at $42,979 and the median home value is $138,000 for 2019.

Review Of Pocatello by mylife myworld

I live in pocatello. And we could have better schools. But it’s a great place to live and I have raised 3 kids and 5 Grandkids. And it a great place to live.

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