B-
8%
Overall NAT. AVG.
18%
Goods & Services NAT. AVG.
8%
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 Rexburg Idaho National
Cost of living10896100
Goods & Services118101100
Groceries107101100
Health care9699100
Housing10888100
Transportation100105100
Utilities9386100

An Overview of Cost of Living in Rexburg, ID

Getting a feel for the cost of living in Rexburg is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Rexburg is 108, which is 8% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

The cost of living in Rexburg aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Rexburg residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

The things you purchase regularly, like clothes, haircuts, movie tickets and gym memberships, can make a big dent in your budget and make up 33% of the cost of living index. Unfortunately in Rexburg, these items will cost you 18.1% more than what's considered the norm, making it a more expensive place to call home.

What Do Locals Say About the Cost of Living in Rexburg?

Nobody knows their city better than the people who actually live there. So, we asked 6 local residents how they would rate the cost of living in Rexburg and this is how they responded. 33% of people said that the cost of living was affordable, with prices decreasing, while 67% of people said that the cost of living was very expensive and prices continue to rise.

Is Rexburg Affordable?

Is Rexburg an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Rexburg is 20% higher than the national average, while the average monthly rent prices are 19.4% lower than average. The affordability of any location can also be influenced by median income levels. Rexburg has a median household income of $33,278, which is 39.8% lower than the national average.

What Factors can Influence the Cost of Living in Rexburg?

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Rexburg, the general sales tax rate starts at 6%, and income tax rates begin at 1.125%.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Rexburg, the groceries index is 6.8% higher than the national average.

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Where is the Data From?

The Rexburg 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. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Rexburg is 13% higher than the Idaho average
  • The cost of living in Rexburg is 8% higher than the national average
  • Rexburg housing is 8% 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 Rexburg

See all the best places to live around Rexburg

Compare Rexburg, 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$77,989$6,499$1,820$2,340
      Renters$23,074$1,923$538$692
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Rexburg, ID, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Rexburg, homeowners have a median income of $77,989. Using that number, a maximum of $1,820 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $23,074, which means there is a maximum of $538 to be spent on the costs of renting a home or apartment.

      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 Rexburg National avg. Difference
      Haircut $34.17$24.2640.8%
      Beauty Salon $54.03$45.5618.6%
      Toothpaste $4.45$3.7020.3%
      Shampoo $1.24$1.283.2%
      Movie $14.00$12.1315.4%
      Bowling $18.03$18.000.1%

      Groceries

      Item Rexburg National avg. Difference
      Ground Beef $6.67$5.8414.1%
      Fried Chicken $1.32$1.5716.2%
      Milk $4.91$4.675.1%
      Potatoes $4.61$4.936.5%
      Pizza $12.93$12.097.0%
      Beer $11.39$10.419.4%

      Health Care

      Item Rexburg National avg. Difference
      Optometrist $134.67$125.687.1%
      Doctor $144.42$135.786.4%
      Dentist $109.17$113.293.6%
      Ibuprofen $10.94$10.652.7%
      Lipitor $336.07$468.6028.3%

      Housing

      Item Rexburg National avg. Difference
      Home Price $221,700.00$184,700.0020.0%
      Avg. Mortgage Payment $3,780.77$2,346.6961.1%
      Apartment Rent $765.00$949.0019.4%

      Transportation

      Item Rexburg National avg. Difference
      Gasoline $3.43$3.460.8%
      Tire Balancing $60.29$59.920.6%

      Utilities

      Item Rexburg National avg. Difference
      All Electricity $177.13$193.998.7%
      Phone $182.36$192.255.1%
      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.
      Ririe, ID634964.3%
      St. Anthony, ID3,552972.7%
      Teton, ID8991011.3%
      Rigby, ID4,2091021.6%
      Menan, ID8941032.8%
      Rexburg, ID29,0641088.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Fredericksburg, VA29,05913231.6%
      SeaTac, WA29,10213130.5%
      Fuquay-Varina, NC29,11011312.8%
      Oak Ridge, TN29,124909.9%
      Southgate, MI29,129936.7%
      Rexburg, ID29,0641088.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.