Idaho ranks 32nd in cost of living - Coeur d'Alene Press: Business

Idaho ranks 32nd in cost of living

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Posted: Thursday, June 13, 2013 12:00 am

The cost of living in Idaho in 2011 was 92.8 percent of the national average cost of living, ranking Idaho 32nd among the states, according to new estimates released by the U.S. Bureau of Economic Analysis.

But compared to other states rural Idaho was more expensive than the metropolitan areas.

The estimates were from the government's personal consumption expenditure calculations and differ somewhat from the more commonly cited consumer price index, but they offer a comparison of living costs among the states.

The relative cost of living in Idaho statewide had been slowly declining since the initial estimate of 92.9 percent of the national average in 2007, which ranked 31st among the states. While the index rose to 93.7 percent in 2008, increases were greater in other states and Idaho's ranking fell to 32nd, where it remained in 2009 before dropping to 33rd in 2010 at 92.6 percent.

Idaho's average wage of $36,452 ranked 48th among the states and the District of Columbia in 2011.

The index for the rural part of Idaho was 92 percent in 2011, ranking 19th among the states. The District of Columbia, New Jersey and Rhode Island have no rural areas in the Bureau of Economic Analysis calculations.

The index for the five metro areas - Boise, Coeur d'Alene, Idaho Falls, Lewiston and Pocatello - was 92.7 percent of the national average in 2011 to rank 41st among the states and the district of Columbia. Coeur d'Alene had the highest index at 93.5 percent followed by Boise at 93.2 percent. Idaho Falls was at 91.5 percent, Lewiston at 90.8 percent and Pocatello at 90.7 percent.

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2 comments:

  • my own opinion posted at 10:38 am on Sun, Jun 16, 2013.

    my own opinion Posts: 397

    It is pretty here, but jobs are scarce. very low wages not up to par with the cost of living and no real rights or rules for the workers, employers do what they want If you get nice ones keep them (even if they work you overtime into the ground). If you have a job make it work for you. there really is not much work here for the under educated so it is a depressed local atmosphere companies need to be able to have a work force that can think of work not partying. The cost of living cannot be adjusted but the wages can. I see people get raises that have not worked as long as others that moving to the front of the wage line is disheartening it happens all the time. The wages and the cost of living is out of balance. Do your research on the area before you set up home /camp...... Retirement works great here.

     
  • greyhound2 posted at 9:53 am on Fri, Jun 14, 2013.

    greyhound2 Posts: 803

    Average wages can be confusing. Most wage calculations are per Household, not per Individual. Average wage in Coeur d'Alene of about $32,000 per Household, means he makes $15,000 and she makes $12,000. If average Individual wage were reported, the number would be more like $16,000 each. If the National minimum wage were raised to $10 per hour, American workers would be on par with those in 1968 adjusted for inflation.

     
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