New Meadows, ID vs Troy, ID

New Meadows, ID and Troy, ID have a very similar cost of living, with only a 0.5% difference in their overall index. New Meadows scores 83 while Troy scores 84 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 New Meadows is $933/month compared to $958/month in Troy — a 3% difference. Interestingly, home values tell a different story: while New Meadows has cheaper rent, Troy actually has lower median home values ($270,800 vs $275,000).

Median household income in New Meadows is $65,250 compared to $87,589 in Troy (-25.5%). While Troy is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Meadows spend roughly 17.2% of their income on rent, more than the 13.1% in Troy.