Eagle, Ketchum, 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 $99,814 and a ridiculously low poverty rate of 6.070007418897957%.
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 2017-2021 American Community Survey for the 48 places in Idaho with more than 3,000 people.
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.
Rich people not your cup of tea? Feel free to check out some more reading about Idaho:
The 10 Richest Cities In Idaho For 2023
Median Income: $68,373
Median Home Values: $322,300
More on Boise City: Data | Real Estate
Median Income: $63,500
Median Home Values: $356,200
More on Victor: Data | Real Estate
Methodology: How We Determined The Richest Places In Idaho For 2023
The first thing that comes to most people’s minds when they think about determining the richest places is simply identifying 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 2017-2021 American Community Survey and applied Saturday Night Science:
- Median Home Values
- Median Household Income
Median household income is the most digestible way to understand how rich a place is. And home values are a measure of wealth. The two combine to define a “Rich City.”
After we collected the data for all 48 places with more than 3,000 people in Idaho, we ranked each place from 1 to 48 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 City In Idaho For 2023.”
The data has been updated for 2023. This is our tenth time ranking the wealthiest cities in Idaho.
You can skip to the end to see the rankings for all 48 places.
Summary: The Wealthiest Places In Idaho For 2023
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: Gooding
3rd Poorest: Salmon
For more Idaho reading, check out:
Detailed List Of The Richest Cities In Idaho