Cost Of Living in Elk River, ID

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	Elk River	Idaho	National
Cost of living	91	96	100
Goods & Services	100	101	100
Groceries	111	101	100
Health care	112	99	100
Housing	60	88	100
Transportation	118	105	100
Utilities	97	86	100

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Cost Of Living Quick Facts

The cost of living in Elk River is 5% lower than the Idaho average
The cost of living in Elk River is 9% lower than the national average
Elk River housing is 40% lower 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

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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	$38,889	$3,241	$907	$1,167
Renters	$0	$0	$0	$0

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	Elk River	National avg.	Difference
Haircut	$27.83	$24.26	14.7%
Beauty Salon	$51.82	$45.56	13.7%
Toothpaste	$3.72	$3.70	0.4%
Shampoo	$1.29	$1.28	0.6%
Movie	$14.89	$12.13	22.7%
Bowling	$23.19	$18.00	28.8%

Groceries

Item	Elk River	National avg.	Difference
Ground Beef	$6.17	$5.84	5.7%
Fried Chicken	$2.22	$1.57	41.0%
Milk	$4.92	$4.67	5.3%
Potatoes	$4.89	$4.93	0.9%
Pizza	$11.23	$12.09	7.1%
Beer	$11.57	$10.41	11.1%

Health Care

Item	Elk River	National avg.	Difference
Optometrist	$165.73	$125.68	31.9%
Doctor	$168.55	$135.78	24.1%
Dentist	$118.01	$113.29	4.2%
Ibuprofen	$11.49	$10.65	7.9%
Lipitor	$477.18	$468.60	1.8%

Housing

Item	Elk River	National avg.	Difference
Home Price	$110,000.00	$184,700.00	40.4%
Avg. Mortgage Payment	$2,282.29	$2,346.69	2.7%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Elk River	National avg.	Difference
Gasoline	$4.30	$3.46	24.2%
Tire Balancing	$60.58	$59.92	1.1%

Utilities

Item	Elk River	National avg.	Difference
All Electricity	$178.20	$193.99	8.1%
Phone	$201.25	$192.25	4.7%

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.
Bovill, ID	259	87	13.5%
Elk River, ID	124	91	8.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hyampom, CA	124	112	11.6%
Nicolaus, CA	124	147	47.2%
Weott, CA	124	133	33.0%
Osterdock, IA	124	80	19.6%
Scottville, IL	124	76	23.7%
Elk River, ID	124	91	8.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Elk River, ID