Cost Of Living in Sandpoint, 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	Sandpoint	Idaho	National
Cost of living	114	96	100
Goods & Services	100	101	100
Groceries	111	101	100
Health care	112	99	100
Housing	136	88	100
Transportation	118	105	100
Utilities	97	86	100

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Cost Of Living Quick Facts

The cost of living in Sandpoint is 19% higher than the Idaho average
The cost of living in Sandpoint is 14% higher than the national average
Sandpoint housing is 36% 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

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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	$60,022	$5,002	$1,400	$1,801
Renters	$29,214	$2,435	$682	$877

A good way to judge both the affordability of the housing and the cost of living in Sandpoint is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Sandpoint has a median income of about $60,022 for people who own homes. Based on that number, a maximum of $1,400 should be spent on expenses related to housing. Renters have a slightly different median income, which is $29,214. Based on this average, renters should spend no more than $682 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Sandpoint	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	Sandpoint	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	Sandpoint	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	Sandpoint	National avg.	Difference
Home Price	$282,600.00	$184,700.00	53.0%
Avg. Mortgage Payment	$2,282.29	$2,346.69	2.7%
Apartment Rent	$915.00	$949.00	3.6%

Transportation

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

Utilities

Item	Sandpoint	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.
Priest River, ID	1,799	99	1.5%
Ponderay, ID	1,195	99	0.9%
Kootenai, ID	1,063	108	8.3%
Hope, ID	97	114	13.8%
East Hope, ID	168	116	16.1%
Sandpoint, ID	8,692	114	14.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Franklin, NH	8,695	111	11.4%
Forestdale, AL	8,688	90	10.2%
Clayton, NJ	8,688	105	5.4%
Matawan, NJ	8,696	130	30.1%
Castlegar, BC	8,697	n/a
Sandpoint, ID	8,692	114	14.1%

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 Sandpoint, ID