De Smet, ID vs Garden Valley, ID
There is a significant gap in the cost of living between these two cities. De Smet is 21.3% cheaper than Garden Valley. With a cost index of 68 vs 86, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from De Smet to Garden Valley should plan for substantially higher expenses across most categories.
Renters will find that De Smet has a median rent of $920/month while Garden Valley comes in at $938/month, a 2% difference.
Median household income in De Smet is $44,792 compared to $91,042 in Garden Valley (-50.8%). While Garden Valley is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of De Smet spend roughly 24.6% of their income on rent, more than the 12.4% in Garden Valley.
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