Cheapest Places to Live in Idaho
Idaho, known as the Gem State, is famous for its low cost of living, scenic landscapes, and outdoor recreational opportunities. It is one of the most affordable states in the U.S., with lower housing costs, utility expenses, and taxes compared to the national average.
Cost of Living in Idaho
Idaho has a cost of living below the national average, making it an attractive place for families, retirees, and remote workers.
| Cost of Living | Idaho | United States |
|---|---|---|
| Overall | 97.7 | 100 |
| Grocery | 92.3 | 100 |
| Housing | 114.0 | 100 |
| Median Home Cost | $398,900 | $291,700 |
| Utilities | 89.3 | 100 |
| Transportation | 88.6 | 100 |
| Miscellaneous | 95.4 | 100 |
Most Affordable Places to Live in Idaho
- Burley – A small town with low home prices and a strong agricultural economy.
- Blackfoot – Offers affordable living and proximity to Idaho Falls.
- Pocatello – Home to Idaho State University, with low housing costs and a strong job market.
- Idaho Falls – A mid-sized city with affordable homes and excellent outdoor opportunities.
- Nampa – Near Boise but much more affordable, making it popular for families.
Insurance in Idaho
Idaho provides various insurance options, including health, auto, homeowners, and life insurance. The cost of insurance in Idaho varies based on location, lifestyle, and provider.
Health Insurance in Idaho
Idaho has a state-based health insurance marketplace, Your Health Idaho, where residents can compare and purchase plans.
Residents can get health insurance through:
- Employer-sponsored plans
- Idaho’s state marketplace (Your Health Idaho)
- Medicaid (for low-income residents)
Idaho’s Medicaid program offers free or low-cost coverage for those who qualify.
For details, visit Your Health Idaho.
Auto Insurance in Idaho
Idaho law requires minimum auto insurance coverage:
- $25,000 per person for bodily injury liability
- $50,000 per accident for bodily injury liability
- $15,000 for property damage liability
Idaho has some of the lowest auto insurance rates in the U.S..
Major providers include State Farm, Progressive, and Allstate.
For more details, visit Idaho Department of Insurance.
Homeowners and Renters Insurance in Idaho
Idaho has a low risk of natural disasters, which helps keep homeowners insurance rates affordable. However, wildfire-prone areas may require additional coverage.
Top insurance providers include:
- Farmers Insurance
- State Farm
- Allstate
For flood-prone areas, residents can get flood insurance through FEMA’s National Flood Insurance Program (NFIP).
For more information, visit FEMA’s NFIP.
Life Insurance in Idaho
Residents can choose between:
- Term Life Insurance – Covers a set period (e.g., 10–30 years).
- Permanent Life Insurance – Offers lifetime coverage with cash value.
Top life insurance providers in Idaho include New York Life, Prudential, and Northwestern Mutual.
Senior Healthcare Facilities in Idaho
Idaho is an attractive state for retirees due to low taxes, affordable healthcare, and quality senior care facilities.
Types of Senior Care Facilities in Idaho
- Assisted Living Facilities – For seniors needing help with daily activities. Top facilities include Garnet Place in Garden City and Copper Springs Senior Living in Meridian.
- Nursing Homes – Provide 24/7 medical care for elderly residents with serious health conditions. Highly rated options include Life Care Center of Coeur d’Alene and Aspen Transitional Rehab.
- Memory Care Facilities – Specialized for Alzheimer’s and dementia patients. Top-rated facilities include Edgewood Spring Creek Memory Care in Boise and The Gables of Idaho Falls.
- Continuing Care Retirement Communities (CCRCs) – Provide independent living, assisted living, and skilled nursing in one location. Examples include Touchmark at Meadow Lake Village and The Terraces of Boise.
Choosing the Right Senior Care Facility
When selecting a senior facility, consider:
- Medical services offered
- Cost and available financial assistance
- Location and accessibility
For senior care services, visit Idaho Department of Health and Welfare – Senior Services.
Conclusion
Idaho is a beautiful and affordable state with low housing costs, reasonable insurance rates, and quality senior care. Whether you’re looking for low-cost housing, insurance plans, or senior healthcare, Idaho offers various options for individuals and families.