F
36%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
113%
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 Eagle Idaho National
Cost of living13696100
Goods & Services106101100
Groceries104101100
Health care10299100
Housing21388100
Transportation111105100
Utilities8486100

An Overview of Cost of Living in Eagle, ID

Knowing the cost of living in Eagle allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Eagle stands at 136, marking it 36% higher than the national average.

If you prioritize affordability when seeking a new place to live, Eagle may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Eagle falls into this category, which may not align with your preferences for a budget-friendly living environment.

Housing costs are a major factor in the Eagle 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 113.1% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Is Eagle Affordable?

Is Eagle affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Eagle, the median home price is 146.8% higher than the national average and monthly rent prices are 34.4% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Eagle boasting a median household income of $91,414, 65.2% higher than the national average.

What Factors can Influence the Cost of Living in Eagle?

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Eagle, the utilities index registers at 15.6% lower than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

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 Eagle, the transportation index is 10.5% higher than the national average.

Where is the Data From?

The cost of living in Eagle, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Eagle is 42% higher than the Idaho average
  • The cost of living in Eagle is 36% higher than the national average
  • Eagle housing is 113% 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 Eagle

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Compare Eagle, 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$102,361$8,530$2,388$3,071
      Renters$47,336$3,945$1,104$1,420
      The affordability of the housing market in Eagle, ID as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Eagle homeowners, the median income is $102,361. This indicates that a monthly maximum of $2,388 should be spent by homeowners on all housing related costs. Renters have a median income of $47,336. This indicates that renters would have a maximum of $1,104 for their rent related monthly 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 Eagle National avg. Difference
      Haircut $27.88$24.2614.9%
      Beauty Salon $41.57$45.568.8%
      Toothpaste $4.22$3.7014.1%
      Shampoo $1.21$1.285.3%
      Movie $11.60$12.134.4%
      Bowling $18.53$18.002.9%

      Groceries

      Item Eagle National avg. Difference
      Ground Beef $5.96$5.842.1%
      Fried Chicken $1.46$1.577.0%
      Milk $4.91$4.675.0%
      Potatoes $4.57$4.937.4%
      Pizza $11.56$12.094.4%
      Beer $10.59$10.411.7%

      Health Care

      Item Eagle National avg. Difference
      Optometrist $152.62$125.6821.4%
      Doctor $150.90$135.7811.1%
      Dentist $97.00$113.2914.4%
      Ibuprofen $10.79$10.651.3%
      Lipitor $524.49$468.6011.9%

      Housing

      Item Eagle National avg. Difference
      Home Price $455,800.00$184,700.00146.8%
      Avg. Mortgage Payment $2,525.04$2,346.697.6%
      Apartment Rent $1,275.00$949.0034.4%

      Transportation

      Item Eagle National avg. Difference
      Gasoline $3.60$3.463.9%
      Tire Balancing $75.93$59.9226.7%

      Utilities

      Item Eagle National avg. Difference
      All Electricity $154.20$193.9920.5%
      Phone $176.97$192.257.9%
      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.
      Emmett, ID6,942964.0%
      Nampa, ID96,8251033.3%
      Middleton, ID8,0051054.8%
      Garden City, ID11,8731087.6%
      Kuna, ID20,98511110.6%
      Eagle, ID28,14513636.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Newburgh, NY28,1461087.6%
      Oakleaf Plantation, FL28,1531099.1%
      Benicia, CA28,15817170.9%
      Hobart, IN28,1201000.3%
      Enterprise, AL28,170964.2%
      Eagle, ID28,14513636.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.