Cost of Living in East Hope, ID

With a cost of living index of 105, East Hope, ID is somewhat more expensive than average. Living here is 5% more expensive than the national average and 18% above the Idaho state average of 87. East Hope is a small community of 257 residents.

Housing costs are the biggest factor in East Hope's cost of living. The median monthly rent is $1,250 (5% below the US median of $1,319), and the median home value sits at $420,800 (38% above the national median of $304,900). At current prices, the median home costs roughly 4.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in East Hope is $91,250, which is 21% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.