Lincoln, ID vs Shoshone, ID
There is a significant gap in the cost of living between these two cities. Shoshone is 26.4% cheaper than Lincoln. With a cost index of 75 vs 95, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Shoshone to Lincoln should plan for substantially higher expenses across most categories.
On the housing front, median rent in Lincoln is $1,245/month compared to $898/month in Shoshone — a 39% difference. Home values follow the same pattern: Shoshone is more affordable at $187,800 median vs $307,800.
Median household income in Lincoln is $80,818 compared to $56,050 in Shoshone (+44.2%). While Lincoln is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lincoln spend roughly 18.5% of their income on rent, less than the 19.2% in Shoshone.
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