Hailey, ID vs Ketchum, ID

Hailey is moderately more affordable than Ketchum, with a 11.3% lower cost of living index. Hailey scores 116 compared to 130 for Ketchum, where the US average is 100. This difference means residents of Ketchum can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hailey is $1,196/month compared to $1,190/month in Ketchum — a 1% difference. Interestingly, home values tell a different story: while Ketchum has cheaper rent, Hailey actually has lower median home values ($574,500 vs $756,200).

Median household income in Hailey is $83,084 compared to $87,658 in Ketchum (-5.2%). Ketchum does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Hailey spend roughly 17.3% of their income on rent, more than the 16.3% in Ketchum.