Eagle, Star, Meridian: These cities aren’t just some of the best places to live in Idaho. They are also home to some of the richest people in the Gem State.
Eagle in particular houses the richest residents in the state thanks, in part, to a median household income of $82,577 and a ridiculously low poverty rate of 6.2%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Idaho share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 32 places in Idaho with more than 5,000 people.
At the end of the day, here’s the set of the 10 richest places in Idaho for 2018:
- Meridian (Photos)
- Ammon (Photos)
- Hailey (Photos)
- Preston (Photos)
- Chubbuck (Photos)
- Kuna (Photos)
- Lewiston (Photos)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Idaho.
How We Determined The Richest Places In Idaho For 2018
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the ‘richest places’. So we looked at this set of criteria from the newly released 2012-2016 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 32 places with more than 5,000 people in Idaho, we ranked each place from 1 to 32 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a ‘Rich Score’ with the place having the lowest overall Rich Score, Eagle, crowned the ‘Richest Place In Idaho For 2018’.
You can learn more about the top ten below or skip to the end to see the rankings for all 32 places.
Population: 22,711Median Income: $82,577
Unemployment Rate: 4.0%
Poverty Rate: 6.2%
Population: 7,255 Median Income: $54,809
Unemployment Rate: 2.6%
Poverty Rate: 9.6%
Population: 88,247Median Income: $64,337
Unemployment Rate: 4.3%
Poverty Rate: 9.3%
Meridian is a city located in Ada County in the US state of Idaho. As of the 2010 census, the population of Meridian was 75,092 making it the third largest city in Idaho after Boise and Nampa. A 2015 estimate placed the population at approximately 90,739. Meridian is the state’s fastest-growing city, with an 81.5 percent increase in population since 2000.
Population: 14,767Median Income: $63,045
Unemployment Rate: 4.6%
Poverty Rate: 7.3%
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.
Population: 13,916Median Income: $58,069
Unemployment Rate: 5.6%
Poverty Rate: 4.8%
Hayden is a city in Kootenai County, Idaho, United States. Located in the northern portion of the state, it is a suburb of nearby Coeur d’Alene and its population was 13,294 at the 2010 census.
Population: 8,058Median Income: $56,522
Unemployment Rate: 4.7%
Poverty Rate: 12.7%
Population: 5,252Median Income: $42,632
Unemployment Rate: 3.4%
Poverty Rate: 11.6%
Preston is a city in Franklin County, Idaho, United States. The population was 5,204 at the 2010 census. The city is the county seat of Franklin County. It is part of the Logan, Utah-Idaho Metropolitan Statistical Area.
Population: 14,326Median Income: $53,354
Unemployment Rate: 6.1%
Poverty Rate: 12.4%
Population: 17,015Median Income: $58,537
Unemployment Rate: 6.9%
Poverty Rate: 13.2%
Kuna is a city in Ada County, Idaho, United States. It is part of the Boise City–Nampa, Idaho Metropolitan Statistical Area. The population was 15,210 at the 2010 census.
Population: 32,484Median Income: $47,947
Unemployment Rate: 5.3%
Poverty Rate: 13.5%
Lewiston is a city in north central Idaho and the county seat of Nez Perce County. It is the second-largest city in the northern Idaho region, behind Coeur d’Alene, and ninth-largest in the state. Lewiston is the principal city of the Lewiston, ID – Clarkston, WA Metropolitan Statistical Area, which includes all of Nez Perce County and Asotin County, Washington. As of the 2010 census, the population of Lewiston was 31,894, up from 30,904 in 2000.
There You Have It – The Richest Places In Idaho For 2018
Like we said earlier, when we set out to identify the richest places in Idaho, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Idaho.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in Idaho, according to data:
2nd Poorest: Emmett
3rd Poorest: Moscow
For more Idaho reading , check out:
Detailed List Of The Richest Cities In Idaho