Hey guys, Randy here. I’m a Realtor® with NextHome Treasure Valley. Today we’re talking about the cost of living in Boise, Idaho.
Recently I was at a party, gathering if you will. There were some people there that I met there—very nice people from Eastern Washington. We were chatting, and I told them that I’m a Realtor® in the Boise area, and the cost of living came up. I thought, well, that’d be a great video idea. There are two websites that I use. The first one is bankrate.com. You can go to this yourself. I have no affiliation with them at all. The second is bestplaces.net.
What you do is simple. You just put in where you live now. I went to Riverside, California, a few weeks ago, so we’ll use that as an example. Then you’re going to be moving to, say, Boise Idaho. Then what’s your annual income? I’m going to leave the default $50,000, but you can put whatever you want. The numbers are still going to crunch no matter what. A salary of $50,000 in Riverside California, could decrease to $36,243 in Boise, Idaho. Comparison Highlights Overall – Boise, Idaho is 22.2% cheaper than Riverside, California. The median home cost is the highest cost of living difference, and the medium home cost is 25% less expensive in Boise.
It breaks down what it’s talking about here. Riverside, California’s median home cost is $409,000 instead of Boise, Idaho, which is $303,100. Do your due diligence on these numbers. On bankrate.com’s cost of living calculator, the reason why I’m not using this as my primary example if you go to Boise City, Idaho, from say Abilene, Texas. It shows the housing cost median in Boise at $203,936, and I would say this is not the case right now. That’s why I’m leaning more towards the bestplaces.net calculator, but as I said, do your due diligence and check things out for yourself. But, these are great tools to get an idea of moving to Boise, Idaho might be the right thing for you. Like we can see we’re a little bit higher on health costs here. However, everything else seems to be lower for Boise Idaho. Including things like transportation and utilities.
I found the best way to pick a different city to calculate would be to click on the cost of living calculator, and it cleans everything out. As another example, a salary of $50,000 in White Plains, New York, could decrease to $28,932 in Boise, Idaho. The median home cost is 54% cheaper. The median home costs in White Plains, New York is $672,000 instead of Boise, Idaho at $303,000, that’s a big difference. Across the board, everything is less. That’s a larger place, and I recommend you go to bestplaces.net and use the calculator yourself. Put in where you live, don’t just take the examples that I’m giving.
I need to go over because I am a Realtor® in the Mountain Home and Boise area is the difference between Mountain Home and Boise. Mountain Home is about 30 to 40 miles from Boise. A salary of $50 000 in Boise, Idaho, could decrease to $40,534 in Mountain Home, Idaho. The median house cost is between $303,000 to $185,600. I will tell you as a Realtor® here in Mountain Home. It’s getting harder to find a house right now at $185,600 and even Boise, the $303,000 because things are moving so fast here. I think you have to realize that there might be a little bit of inflation in both places. But this is more accurate than what in my opinion than what bankrate.com is showing. You can’t even pull up Mountain Home, Idaho, on bankrate.com. It does show that utilities are a little bit higher in Mountain Home, as well as healthcare.
Anyways, if any of that interests you and you want to check out more, go to bestplaces.net. If you would like a free relocation guide to the Treasure Valley, go to tvguide.RandyWRealEstate.com. For those of you old enough to remember tv guide, I smile. I recommend checking out the moving to Idaho video and the Mountain Home pros and cons video if you are interested in moving out this way. I give you a little bit more information on those videos. Thanks a million for reading this whole blog, and we’ll see you next Friday!
I hope you have a great day.