Cost of Living in Iona, ID

With a cost of living index of 101, Iona, ID is right around the national average in cost. Living here is 1% more expensive than the national average and 14% above the Idaho state average of 87. Iona is a small community of 2,882 residents.

Housing costs are the biggest factor in Iona's cost of living. The median monthly rent is $1,284 (3% below the US median of $1,319), and the median home value sits at $364,400 (20% above the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Iona is $83,750, which is 11% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Idaho Falls, 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.