According to MIT, a single person living in Idaho needs to make at least $29,007 to be able to afford all of their bills. An average family with two kids and two working adults requires a much higher income of $80,158 per year to cover their expenses.
What is a livable salary in Idaho?
Living Wage Calculation for Idaho
| 1 ADULT | ||
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $16.16 | $38.77 |
| Poverty Wage | $6.19 | $10.56 |
| Minimum Wage | $7.25 | $7.25 |
What is a comfortable salary in Idaho?
$35,027 a year
How much does a Comfortable make in Idaho? As of May 18, 2022, the average annual pay for the Comfortable jobs category in Idaho is $35,027 a year. Just in case you need a simple salary calculator, that works out to be approximately $16.84 an hour. This is the equivalent of $674/week or $2,919/month.
What is the average cost of living in Idaho?
Our cost of living indices are based on a US average of 100. An amount below 100 means Idaho is cheaper than the US average.
Idaho cost of living is 97.7.
| COST OF LIVING | Idaho | United States |
|---|---|---|
| Grocery | 94.4 | 100 |
| Health | 95.1 | 100 |
| Housing | 114.1 | 100 |
| Median Home Cost | $398,900 | $291,700 |
How much does it cost to live in Idaho per month?
You can expect to spend about $35,459 a year on total personal consumption, according to 2020 data from the Bureau of Economic Analysis . This is how that lump sum breaks down. That’s $2,955 in average monthly expenses for each Idahoan.
Is Idaho a low income state?
How does the Poverty Rate in Idaho compare to the national average? Idaho ranks 28th in Poverty Rate at 14.5%(poverty rankings by state). The Poverty Rate of Idaho is the same as than the national average of Poverty Rate.
What is the average single income in Idaho?
Idaho Per Capita Income
The ACS survey shows the median per capita income for Idaho was $29,606 in 2019. Compared to the US per capita income, Idaho per capita income is $6,066 lower.
What salary do you need to live comfortably in Boise Idaho?
Boise, Idaho
Home to nearly 225,000 residents, Boise’s unemployment rate is under 3 percent and you can live comfortably on less than $48,000 per year.
Is Boise affordable?
Boise is one of the most affordable cities in America! In fact, your dollar goes further in the Boise housing market, where the median monthly rent is $879, and the median home price is $221,475—both of which are well below the U.S. national average.
What is a good salary in Boise?
Average Salary in Boise, ID
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $80,917 | $6,743 |
| 75th Percentile | $66,532 | $5,544 |
| Average | $56,794 | $4,732 |
| 25th Percentile | $44,504 | $3,708 |
Is it cheaper to live in Idaho or Arizona?
Cost of living in Boise, Idaho (United States) is 19% cheaper than in Phoenix, Arizona (United States)
Is Idaho affordable to live?
Idaho is one of the more affordable states in the country, offering low prices on real estate, sales, and income taxes, as well as low utility and grocery costs. Despite having a lower cost of living, the state’s median income is $55,583 for a household, which falls slightly below the national average.
Is Idaho cheaper to live than Oregon?
Before you make a move, you need to know that you can maintain your standard of living in a new location. The median cost for a home in Portland is $419,600. In Boise you can buy a comparable home for $303,100. That’s a difference of $116,500 or 38.4%!
Where in Idaho should you not live?
The 20 Worst Places to Live in Idaho
- Hayden, ID.
- Caldwell, ID.
- Weiser, ID.
- Nampa, ID.
- Coeur d’Alene, ID.
- Sandpoint, ID.
- Idaho Falls, ID. Idaho Falls is a lovely scenic place to live.
- Post Falls, ID. According to Burglary, Post Falls ranks among the ten most dangerous cities in the State of Idaho with regards to its crime rate.
What are the pros and cons of living in Idaho?
Pros & Cons of Living in Idaho
| Pros of living in Idaho | Cons of living in Idaho |
|---|---|
| Homes are fairly affordable in Idaho | Idaho residents are known for living a solitary lifestyle |
| Idaho has a booming job market | Idaho’s population is growing very fast |
| Idaho has a below-average property crime rate | Winters can be really harsh in Idaho |
Where in Idaho is the cheapest to live?
The Top 10 Most Affordable Cities in Idaho in 2021
- Burley.
- Blackfoot.
- Jerome.
- Pocatello.
- Idaho Falls.
- Twin Falls.
- Chubbuck.
- Ammon.
Is Idaho racially diverse?
Idaho is considered one of the least diverse states in the nation. In fact, it is one of just 10 states that has a predominantly white population — or a population that is more than 90% white. The top ancestries for residents in the state include German, English and Irish.
What is considered poor in Idaho?
How is poverty defined? In 2018, the federal poverty income threshold was $25,465 for a family of four with two children, and $17,308 for a single parent of one child. If a family’s total income is less than the corresponding threshold, then that family and every individual in it is considered in poverty.
What is the racial makeup of Boise Idaho?
White: 91% Black/African American: 3% Asian: 1% Hispanic/Latino: 4%
What is minimum wage in Idaho?
$7.25 an hour
What is the minimum wage in Idaho? The current Idaho state minimum wage is $7.25 an hour, the same as the federal minimum wage. The minimum wage for a tipped employee is $3.35 per hour. A training minimum wage of $4.25 per hour can be paid to employees under 20 years old for the first 90 calendar days of employment.
What is the highest paying job in Idaho?
Detailed List Of Highest Paying Jobs In Idaho
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Owner/operator | $181,785 |
| 2 | Director Of User Experience | $103,549 |
| 3 | Operator And Truck Driver | $101,934 |
| 4 | Driver/owner Operator | $90,408 |
