B
15%
Overall NAT. AVG.
0%
Goods & Services NAT. AVG.
38%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Coeur d'Alene Idaho National
Cost of living11596100
Goods & Services100101100
Groceries111101100
Health care11299100
Housing13888100
Transportation118105100
Utilities9786100

An Overview of Cost of Living in Coeur d'Alene, ID

Understanding the cost of living in Coeur d'Alene can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Coeur d'Alene cost of living index is 115, which is 15% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Housing costs are a major factor in the Coeur d'Alene cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 37.6% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

The surge in grocery costs is indeed alarming, especially when groceries make up a large portion of your monthly expenditures. Over the past two years, there has been an inflation of over 10% in grocery prices. Unfortunately, Coeur d'Alene does not fare better, with grocery expenses coming in at 10.8% higher than the national average.

What Do Locals Say About the Cost of Living in Coeur d'Alene?

Nobody knows their city better than the people who actually live there. So, we asked 47 local residents how they would rate the cost of living in Coeur d'Alene and this is how they responded. 40% of people said that the cost of living was affordable, with prices decreasing, while 60% of people said that the cost of living was very expensive and prices continue to rise.

Is Coeur d'Alene Affordable?

Wondering if Coeur d'Alene is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Coeur d'Alene, for example, the median home price is 49.8% higher than what folks pay nationally, and monthly rent is 9.3% higher than the usual rates. Plus, income levels matter too, with Coeur d'Alene boasting a median household income of $54,763, which is 1% lower than the national average.

What Factors can Influence the Cost of Living in Coeur d'Alene?

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Coeur d'Alene, the housing index stands at 37.6% higher than the national average.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Coeur d'Alene, the transportation index is 17.5% higher than the national average.

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Coeur d'Alene, the prevailing sales tax rate starts at 6%, and income tax rates kick off at 1.125%.

Where is the Data From?

The Coeur d'Alene cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Coeur d'Alene is 20% higher than the Idaho average
  • The cost of living in Coeur d'Alene is 15% higher than the national average
  • Coeur d'Alene housing is 38% higher than the national average
  • Idaho general sales tax is 18% higher than the national average
  • Idaho state income tax is 123% higher than the national average

Most Affordable Places to Live in and Around Coeur d'Alene

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Compare Coeur d'Alene, ID Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$66,199$5,517$1,545$1,986
      Renters$41,588$3,466$970$1,248
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Coeur d'Alene, ID, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Coeur d'Alene homeowners, is $66,199. This would allow for a maximum of $1,545 per month to be spent on housing costs. For renters, the median monthly income is $41,588 which would result in a maximum of $970 to be spent on rental costs.

      Idaho Sales Tax

      State General Sales Tax With Max Surtax
      Idaho 6% 8.5%

      Idaho Income Tax

      State Income Tax (Low) Income Tax (High)
      Idaho 5.8% 5.8%

      Goods & Services

      Item Coeur d'Alene National avg. Difference
      Haircut $27.83$24.2614.7%
      Beauty Salon $51.82$45.5613.7%
      Toothpaste $3.72$3.700.4%
      Shampoo $1.29$1.280.6%
      Movie $14.89$12.1322.7%
      Bowling $23.19$18.0028.8%

      Groceries

      Item Coeur d'Alene National avg. Difference
      Ground Beef $6.17$5.845.7%
      Fried Chicken $2.22$1.5741.0%
      Milk $4.92$4.675.3%
      Potatoes $4.89$4.930.9%
      Pizza $11.23$12.097.1%
      Beer $11.57$10.4111.1%

      Health Care

      Item Coeur d'Alene National avg. Difference
      Optometrist $165.73$125.6831.9%
      Doctor $168.55$135.7824.1%
      Dentist $118.01$113.294.2%
      Ibuprofen $11.49$10.657.9%
      Lipitor $477.18$468.601.8%

      Housing

      Item Coeur d'Alene National avg. Difference
      Home Price $276,600.00$184,700.0049.8%
      Avg. Mortgage Payment $2,282.29$2,346.692.7%
      Apartment Rent $1,037.00$949.009.3%

      Transportation

      Item Coeur d'Alene National avg. Difference
      Gasoline $4.30$3.4624.2%
      Tire Balancing $60.58$59.921.1%

      Utilities

      Item Coeur d'Alene National avg. Difference
      All Electricity $178.20$193.998.1%
      Phone $201.25$192.254.7%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      State Line, ID141054.7%
      Huetter, ID1891065.6%
      Hauser, ID9271099.5%
      Rathdrum, ID8,67211010.2%
      Post Falls, ID34,97111111.3%
      Coeur d'Alene, ID51,49111514.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      La Crosse, WI51,543964.2%
      Burien, WA51,58814039.8%
      Perth Amboy, NJ51,58911919.4%
      Levittown, NY51,26614646.5%
      Logan, UT51,2661011.4%
      Coeur d'Alene, ID51,49111514.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.