Cost of Living in Sandpoint, ID

Housing

The housing market plays a significant role in determining the cost of living in Sandpoint, ID.

• Housing Index: 110.0 / 100
• Median Home Price is: $515000
• Average Rent (2 BR Apartment): $1600 per month
• Average Rent (2 BR House): $1650 per month

When considering a move to Sandpoint, ID, the housing affordability may warrant attention. With a housing index of 110.0, it suggests the cost of living is slightly above the national average. The median home price stands at 515000, indicating that while homeownership might be a longer-term investment, it could suit those seeking stability. Rental options are also on the higher side, with the average rent for a 2-bedroom apartment at 1600 and a house at 1650. This environment encourages careful budgeting or potential negotiations for housing before making a commitment.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sandpoint, 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.): $200 per month

Living in Sandpoint, 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 200 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 105.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $60208

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

• Click here for more information

Summary

When considering a move to Sandpoint, ID, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.