Cost of Living in Oakley, ID

With a cost of living index of 70, Oakley, ID is one of the most affordable cities in the country. Living here is 30% cheaper than the national average and 17% below the Idaho state average of 87. Oakley is a small community of 846 residents.

Housing costs are the biggest factor in Oakley's cost of living. The median monthly rent is $642 (51% below the US median of $1,319), and the median home value sits at $220,000 (28% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Oakley is $93,333, which is 24% higher than the national median of $75,149. Residents spend roughly 8% 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.