Hagerman, ID vs Ketchum, ID

The cost of living difference between Hagerman, ID and Ketchum, ID is dramatic. Hagerman is 39.8% cheaper than Ketchum, a gap that translates to thousands of dollars per year in household expenses. Hagerman has a cost index of 79 while Ketchum sits at 130, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Hagerman is $1,045/month compared to $1,190/month in Ketchum — a 12% difference. Home values follow the same pattern: Hagerman is more affordable at $189,600 median vs $756,200.

Median household income in Hagerman is $59,250 compared to $87,658 in Ketchum (-32.4%). The higher salaries in Ketchum partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Hagerman spend roughly 21.2% of their income on rent, more than the 16.3% in Ketchum.