Cost of Living in Ferdinand, ID

With a cost of living index of 69, Ferdinand, ID is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 18% below the Idaho state average of 87. Ferdinand is a small community of 182 residents.

Housing costs are the biggest factor in Ferdinand's cost of living. The median monthly rent is $613 (54% below the US median of $1,319), and the median home value sits at $215,400 (29% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Ferdinand is $61,250, which is 18% lower than the national median of $75,149. Residents spend roughly 12% 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.