Cost of Living in Cascade, ID

With a cost of living index of 93, Cascade, ID is slightly more affordable than average. Living here is 7% cheaper than the national average and 6% above the Idaho state average of 87. Cascade is a small community of 978 residents.

Housing costs are the biggest factor in Cascade's cost of living. The median monthly rent is $1,065 (19% below the US median of $1,319), and the median home value sits at $350,000 (15% above the national median of $304,900). At current prices, the median home costs roughly 6.9x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Cascade is $50,671, which is 33% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.