Hailey, ID vs Jerome, ID

The cost of living difference between Hailey, ID and Jerome, ID is dramatic. Jerome is 51.9% cheaper than Hailey, a gap that translates to thousands of dollars per year in household expenses. Hailey has a cost index of 116 while Jerome sits at 76, 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 Hailey is $1,196/month compared to $900/month in Jerome — a 33% difference. Home values follow the same pattern: Jerome is more affordable at $214,900 median vs $574,500.

Median household income in Hailey is $83,084 compared to $65,343 in Jerome (+27.2%). The higher salaries in Hailey partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Hailey spend roughly 17.3% of their income on rent, more than the 16.5% in Jerome.