Cost of Living in Groveland, ID

With a cost of living index of 98, Groveland, ID is right around the national average in cost. Living here is 2% cheaper than the national average and 11% above the Idaho state average of 87. Groveland is a small community of 1,204 residents.

Housing costs are the biggest factor in Groveland's cost of living. The median monthly rent is $1,185 (10% below the US median of $1,319), and the median home value sits at $362,800 (19% above the national median of $304,900). At current prices, the median home costs roughly 5.1x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Groveland is $71,268, which is 5% lower than the national median of $75,149. Residents spend roughly 20% 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.