Cost of Living in Heyburn, ID

With a cost of living index of 80, Heyburn, ID is a very affordable place to live. Living here is 20% cheaper than the national average and 7% below the Idaho state average of 87. Heyburn is a small community of 3,678 residents.

Housing costs are the biggest factor in Heyburn's cost of living. The median monthly rent is $1,017 (23% below the US median of $1,319), and the median home value sits at $205,300 (33% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Heyburn is $70,078, which is 7% lower than the national median of $75,149. Residents spend roughly 17% 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.