Jerome, ID vs Payette, ID

Jerome, ID and Payette, ID have a very similar cost of living, with only a 2.7% difference in their overall index. Jerome scores 76 while Payette scores 78 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Jerome is $900/month compared to $846/month in Payette — a 6% difference. Interestingly, home values tell a different story: while Payette has cheaper rent, Jerome actually has lower median home values ($214,900 vs $247,700).

Median household income in Jerome is $65,343 compared to $55,455 in Payette (+17.8%). Jerome offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Jerome spend roughly 16.5% of their income on rent, less than the 18.3% in Payette.