Idaho: A Great State for Families’ Cost of Living as Working Parents in 2023

Idaho: A Great State for Families

Idaho is one of the fastest-growing states in the United States of America, and it’s no surprise why. With incredible natural beauty, a wide range of recreational activities, and a low cost of living, Idaho is a great place to raise a family.

The Cost of Living in Idaho

The cost of living in Idaho is relatively low compared to other states in the United States. The median home value is around $272,000, which is 31% lower than the national average. The average monthly rent in Idaho is around $1,300, which is 19% cheaper than the national average. Utilities and other household expenses are also more affordable than the national average.

The Idaho state government has no sales tax and a flat-rate income tax of 6.925%, making it an attractive destination for people looking to save money on taxes and other expenses.

Why People Move to Idaho

People move to Idaho for several reasons. The state’s beautiful natural landscapes, including mountains, plains, and lakes, make it an excellent place for outdoor enthusiasts. There are plenty of recreational activities available, such as skiing, hiking, fishing, and hunting.

Idaho also has a strong job market, with opportunities in education, health, manufacturing, agriculture, and technology sectors. The low cost of living in Idaho is another factor that draws people to the state.

Living in Idaho as a Family with Kids

Living in Idaho with kids offers a great experience with the many family-friendly activities available. The state is home to numerous public parks, museums, and cultural events that provide fun activities for families. Idaho’s public schools are known for quality education, ensuring that children receive an excellent education while living in the state.

The Top-Paying Occupations in Idaho

In Idaho, the top-paying occupations for 2022 are:

  1. Management Occupations – $95,284.80
  2. Sales Managers – $113,068.80
  3. Administrative Services Managers – $116,292.80
  4. Computer and Information Systems Managers – $124,488.00
  5. Purchasing Managers – $100,651.20

While these salaries may look impressive, it’s important to consider the cost of living in Idaho. The state offers a relatively low cost of living compared to many other states, making it possible to live comfortably with these wages.

Overall, Idaho provides an attractive destination for families looking for affordable living, natural beauty, job opportunities, and family-friendly activities. Whether you’re seeking a safe environment, quality education, or financial stability, Idaho has a lot to offer.

This content was created by Our team derives unique insights by analyzing contemporary data from trusted sources such as the Bureau of Labor Statistics, Redfin, MIT Living Wage, among others. Should you choose to utilize this data, we kindly request that you provide a link back to our resource.