Cost of Living in Hammett, ID

With a cost of living index of 78, Hammett, ID is a very affordable place to live. Living here is 22% cheaper than the national average and 8% below the Idaho state average of 87. Hammett is a small community of 258 residents.

Housing costs are the biggest factor in Hammett'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 $160,600 (47% below the national median of $304,900). At current prices, the median home costs roughly 5.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Hammett is $27,482, which is 63% lower than the national median of $75,149. Residents spend roughly 47% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Boise City, ID (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.