Cost of Living in Newdale, ID

With a cost of living index of 98, Newdale, ID is slightly more affordable than average. Living here is 2% cheaper than the national average and 11% above the Idaho state average of 87. Newdale is a small community of 515 residents.

Housing costs are the biggest factor in Newdale's cost of living. The median monthly rent is $1,375 (4% above the US median of $1,319), and the median home value sits at $291,700 (4% below the national median of $304,900). At current prices, the median home costs roughly 4.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Newdale is $71,250, which is 5% lower than the national median of $75,149. Residents spend roughly 23% 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.