Cost of Living in New Plymouth, ID

With a cost of living index of 79, New Plymouth, ID is a very affordable place to live. Living here is 21% cheaper than the national average and 8% below the Idaho state average of 87. New Plymouth is a small community of 1,863 residents.

Housing costs are the biggest factor in New Plymouth's cost of living. The median monthly rent is $988 (25% below the US median of $1,319), and the median home value sits at $199,200 (35% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in New Plymouth is $59,875, which is 20% 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. 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.