What is the Cost of Living in Idaho Falls in 2024?

Are you considering a move to the Eastern Idaho area? Idaho Falls, located in the heart of Eastern Idaho, is a picturesque city with a unique charm and a thriving community. Before you make the big move, it's important to understand the cost of living in Idaho Falls in 2024.

Eastern Idaho Community

Idaho Falls is nestled amidst the scenic landscapes of Eastern Idaho. Whether you're drawn to the stunning natural beauty, the friendly people, or the opportunity for a fresh start, this city has something to offer everyone. 

Idaho Falls Cost of Living

When assessing the cost of living in any area, several factors come into play. These factors include housing costs, utilities, transportation, groceries, and healthcare expenses. 

Housing Costs

One of the key components of the cost of living in Idaho Falls is housing. The real estate market in Idaho Falls is thriving, and you'll find a diverse range of housing options to suit your needs, from cozy apartments to spacious family homes.

Median Home Price: As of early 2024, the median home price in Idaho Falls is around $370,000 as of the end of 2023. However, prices may vary depending on the market, neighborhood, and property size.

Rent: If you're not ready to purchase a home, renting is also an option. The average rent for a one-bedroom apartment in the city center is around $1,400 per month, often around the same price as a mortgage for certain homes.

Utilities

Utilities are a part of everyday life, and it's crucial to budget for them. In Idaho Falls, you can expect to pay reasonable rates for utilities like electricity, water, sewer, and gas. On average, a family of four can expect to spend around $150 to $300 per month on these services.

Transportation

Idaho Falls offers an efficient and affordable transportation system. The cost of a gallon of gas is generally lower than the national average, making car ownership more budget-friendly. Additionally, the city has a well-maintained network of roads and highways, making your daily commute a breeze.

Groceries

When it comes to grocery shopping, Idaho Falls has plenty of options, from local markets to well-known supermarket chains. The cost of groceries for a family of four is estimated to be around $850 per month according to thecentersquare.com. This can change up or down depending on the dietary preferences and eating habits of your family.

Healthcare Expenses

Access to healthcare is essential, and Idaho Falls boasts a variety of quality medical facilities. Health insurance costs can vary depending on your coverage, family size, and the level of coverage you opt for.

Is Idaho Falls a Good Place to Live?

While the cost of living is an important factor to consider, it's equally vital to look at the quality of life Idaho Falls offers. Here are some aspects that make living in Idaho Falls a fantastic choice:

Education: Idaho Falls is home to excellent schools and educational institutions, making it an ideal place to raise a family.

Outdoor Activities: With its proximity to national parks, lakes, and hiking trails, Idaho Falls is a paradise for outdoor enthusiasts.

Community and Culture: The city hosts various cultural events and has a vibrant community that welcomes newcomers with open arms.

Job Opportunities: The job market in Idaho Falls is growing steadily, with opportunities in various industries, including technology and healthcare.

Best Real Estate Agent in Idaho Falls

To navigate the housing market successfully, it's essential to partner with the best real estate agents in Idaho Falls at the Anderson Hicks Group. They can help you find the perfect property that fits your budget and preferences, making your transition to Idaho Falls seamless. Reach out to our recommended real estate agent in Idaho Falls now to start your house hunting journey.

FAQs

Is Idaho Falls a safe place to live?

Yes, Idaho Falls is considered a safe city with a low crime rate.

Are there good schools in Idaho Falls?

Yes, Idaho Falls has highly-rated schools, both public and private, for all grade levels.

What are the best neighborhoods in Idaho Falls?

Some popular neighborhoods in Idaho Falls include Ammon, Iona, and the historical downtown area. An experienced local real estate agent will be able to show you all of the most sought after areas to live in Idaho Falls and the surrounding communities. 

How is the job market in Idaho Falls?

The job market is growing, with opportunities in various sectors. Tech companies are also establishing a presence in the area.

What is the average commute time in Idaho Falls?

The average commute time in Idaho Falls is approximately 15-20 minutes, making it very convenient for residents.

Are there recreational activities for families in Idaho Falls?

Yes, Idaho Falls offers a wide range of recreational activities, including parks, museums, and outdoor adventures.

Conclusion

Moving to Idaho Falls in 2024 could be one of the best decisions you make. With its affordable housing options, excellent quality of life, and a welcoming community, it's a place where you and your family can thrive.