Cost of Living in Boise, ID
Housing
The housing market plays a significant role in determining the cost of living in Boise, ID.
- Housing Index: 120.0 / 100
- Median Home Price is: $446000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1840 per month
Considering a move to Boise, ID? With a housing index of 120.0, the area displays a moderately elevated cost of living. The median home price currently stands at 446000, while renters might pay about 1800 for a two-bedroom apartment and 1840 for a two-bedroom house. This data suggests that urban professionals and families could find the rental market competitive, and potential homebuyers will need to budget accordingly. keep in mind that investing in property can yield long-term benefits in rapidly growing regions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Boise, ID.
- Electricity Price: $12.28 USD (median by state)
- Natural Gas Price: $9.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Boise, ID could entail higher utility costs. Electricity costs sit at $12.28, while natural gas is priced at $9.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Boise is a financially viable option for your relocation.