Cost of living in Idaho Falls: rent, homes and salary
The figure for cost of living in Idaho Falls is 5.6% lower than the US average. BEA's 2024 regional price parity (RPP) in the Idaho Falls, ID metro area reached 94.4, compared with 100 for the US, with housing at 84.0.
- Level of prices
- 94.4US = 100, BEA 2024
- Price level for housing
- 84.0. Rent, US = 100.
Cost of living index for Idaho Falls
The same set of goods and services is priced in one place and compared with the US average, set at 100, in a regional price parity. Idaho Falls belongs to the Idaho Falls, ID metro area. BEA calculates prices for the entire area together. Utilities sit furthest from the US average, at 69.7, or 30.3% below the US.
| Price level, US = 100 | Idaho Falls, ID metro | Idaho | Metro against the US |
|---|---|---|---|
| All items | 94.4 | 95.5 | −5.6% |
| Goods | 96.2 | 96.3 | −3.8% |
| Housing (rents) | 84.0 | 90.0 | −16.0% |
| Utilities | 69.7 | 70.4 | −30.3% |
| Other services | 99.0 | 99.0 | −1.0% |
Source: U.S. Bureau of Economic Analysis. Its 2024 regional price parities cover metro areas and states. BEA price parities
Rents in Idaho Falls
Listed homes show a typical asking rent of $1,396 per month in Idaho Falls, according to the Zillow Observed Rent Index (ZORI). That is +1.4% higher than a year earlier. In the US, that figure is $1,932. Census median gross rent counts every renting household, not only new leases, and comes to $1,237. Twelve months of asking rent works out to 21% of the median household income.
| Rent | Idaho Falls | United States |
|---|---|---|
| Typical asking rent, Zillow ZORI | $1,396 | $1,932 |
| Asking rent, 12-month change | +1.4% | |
| Median gross rent, Census ACS 2024 | $1,237 | $1,487 |
| Share of median income for one year of asking rent | 21% | 28% |
Zillow Observed Rent Index; one-year estimates from Census Bureau American Community Survey 2024.
What homes cost in Idaho Falls
The Zillow Home Value Index (ZHVI) placed the value of a typical middle-market Idaho Falls home at $394,199 in September 2026. Year over year, the change is +1.6%. The US figure is $366,157. Buying a home takes 5.0 years of median household income, compared with 4.5 for the US.
| Home prices | Idaho Falls | United States |
|---|---|---|
| Typical home value, September 2026 | $394,199 | $366,157 |
| 12-month change | +1.6% | +1.2% |
| 10-year change | +125.1% | +77.4% |
| Price to income (years of median income) | 5.0 | 4.5 |
| Price to rent (years of asking rent) | 23.5 | 15.8 |
The forecast, days on market, and price chart since 2000 appear here: Idaho Falls housing market.
Salary required for living in Idaho Falls
Two questions determine the salary needed in Idaho Falls to match what your current pay buys: your location and earnings.
- Moving away from
- Salary
This cost of living city comparison shows the method alongside every city.
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Idaho Falls cost of living compared with other cities
| City | Level of prices | Housing | Usual rent | Value of the typical home |
|---|---|---|---|---|
| Idaho Falls | 94.4 | 84.0 | $1,396 | $394,199 |
| Boise | 98.4 | 105.6 | $1,900 | $500,215 |
| Coeur d'Alene | 98.3 | 105.6 | $1,865 | $606,227 |
| New York City | 112.6 | 148.6 | $4,089 | $825,854 |
| Los Angeles | 113.6 | 170.4 | $2,772 | $927,891 |
| Chicago | 103.6 | 112.0 | $2,311 | $334,108 |
| Houston | 98.6 | 104.5 | $1,544 | $259,465 |
| Phoenix | 103.3 | 121.2 | $1,571 | $404,067 |
| Philadelphia | 102.6 | 113.1 | $1,757 | $231,584 |
Using BEA regional price parities from 2024, price levels use US = 100. Zillow ZORI provides the rent figures. Home values use Zillow ZHVI, September 2026.
See every city ranked by cost of living in this full city ranking. State by state: state cost of living.