Twin Falls, ID Cost Of Living
Cost Of Living In Twin Falls, ID Summary
Cost of living in Twin Falls 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 Twin Falls 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 Twin Falls is 93, with 100 being the average.
The cost of living index in Twin Falls is 0.9x lower than the national average.
Twin Falls ranks as the #6 cheapest in Idaho out of 33.
Twin Falls ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Twin Falls is $364,034.
The median income in Twin Falls is $60,760.
Table Of Contents
Twin Falls's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Twin Falls, ID?
According to the most recent data on the cost of living, Twin Falls has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Idaho, Twin Falls has a cost of living index that's 1.0x lower than Idaho's index of 94.
The standard of living in Twin Falls ranks as #6 most affordable out of the 33 places we measured in Idaho. By definition, that implies Twin Falls ranks as the #27 most expensive place in the Gem State.
For more reading on life in Twin Falls, check out:
In Idaho
In America
Twin Falls Cost Of Living Vs. Idaho
Six factors go into calculating the cost of living index in Twin Falls. Here is how it fairs on each of the criteria:
The Services index in Twin Falls is 97.
The Groceries index in Twin Falls is 97.
The Health index in Twin Falls is 96.
The Housing index in Twin Falls is 95.
The Transportation index in Twin Falls is 100.
The Utilities index in Twin Falls is 88.
| Living Expense | Twin Falls | Idaho | National Average | |
|---|---|---|---|---|
| Overall | 93 | 94 | 100 | |
| Services | 97 | 99 | 100 | |
| Groceries | 97 | 103 | 100 | |
| Health | 96 | 98 | 100 | |
| Housing | 95 | 86 | 100 | |
| Transportation | 100 | 103 | 100 | |
| Utilities | 88 | 86 | 100 | |
Twin Falls, 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 2019-2023. The key points are:
The Median Home Value in Twin Falls is $364,034.
The Median Rent in Twin Falls is $1,011.
The Median Income in Twin Falls is $60,760.
The Home Value To Income in Twin Falls is 6.0x.
The Rent To Monthly Income in Twin Falls is 0.2x.
| Statistic | Twin Falls | Idaho | United States |
|---|---|---|---|
| Median Home Value | $364,034 | $468,436 | $303,400 |
| Median Rent | $1,011 | $1,150 | $1,348 |
| Median Income | $60,760 | $74,636 | $78,538 |
| Home Value To Income | 6.0x | 6.3x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.18x | 0.21x |
Median Home Value
Median Rent
Median Income
Twin Falls, ID Costs By Category
Detailed Twin Falls Services Costs Vs. Idaho
| Item | Twin Falls | Idaho |
|---|---|---|
| Shampoo | $1.04 | $1.28 |
| Movie | $11.75 | $12.13 |
| Bowling | $12.32 | $18 |
| Haircut | $22.96 | $24.26 |
| Beauty Salon | $36.09 | $45.56 |
Detailed Twin Falls Groceries Costs Vs. Idaho
| Item | Twin Falls | Idaho |
|---|---|---|
| Ground Beef | $6.63 | $5.84 |
| Fried Chicken | $1.36 | $1.57 |
| Milk | $4.52 | $4.67 |
| Potatoes | $4.62 | $4.93 |
| Pizza | $10.57 | $12.09 |
| Beer | $10.41 | $10.41 |
| Toothpaste | $4.16 | $3.7 |
Detailed Twin Falls Health Costs Vs. Idaho
| Item | Twin Falls | Idaho |
|---|---|---|
| Optometrist | $130.57 | $125.68 |
| Doctor | $151.89 | $135.78 |
| Dentist | $97.67 | $113.29 |
Detailed Twin Falls Transportation Costs Vs. Idaho
| Item | Twin Falls | Idaho |
|---|---|---|
| Gasoline | $3.7 | $3.46 |
| Tire Balancing | $49.7 | $59.92 |
Detailed Twin Falls Utilities Costs Vs. Idaho
| Item | Twin Falls | Idaho |
|---|---|---|
| All Electricity | $161.77 | $193.99 |
| Phone | $177.84 | $192.25 |
Twin Falls SnackAbility
/10
Cost Of Living In Cities Around Twin Falls
The cost of living varies in the cities and towns around Twin Falls. Here's a quick look at the cost of living in the most populous nearby places:
Jerome, ID has a cost of living index of 91, 1.0x Twin Falls.
Burley, ID has a cost of living index of 88, 0.9x Twin Falls.
Rupert, ID has a cost of living index of 90, 1.0x Twin Falls.
| City | Population | Cost Of Living | Vs. Twin Falls |
|---|---|---|---|
| Jerome, ID | 12,689 | 91 | 1.0x |
| Burley, ID | 11,721 | 88 | 0.9x |
| Rupert, ID | 6,157 | 90 | 1.0x |
