Cost of Living in Smelterville, ID

With a cost of living index of 67, Smelterville, ID is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 20% below the Idaho state average of 87. Smelterville is a small community of 670 residents.

Housing costs are the biggest factor in Smelterville's cost of living. The median monthly rent is $825 (37% below the US median of $1,319), and the median home value sits at $117,600 (61% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Smelterville is $46,597, which is 38% lower than the national median of $75,149. Residents spend roughly 21% 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.