Cost of Living in Spirit Lake, ID

With a cost of living index of 96, Spirit Lake, ID is slightly more affordable than average. Living here is 4% cheaper than the national average and 9% above the Idaho state average of 87. Spirit Lake is a small community of 1,768 residents.

Housing costs are the biggest factor in Spirit Lake's cost of living. The median monthly rent is $1,003 (24% below the US median of $1,319), and the median home value sits at $380,800 (25% above the national median of $304,900). At current prices, the median home costs roughly 6.2x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Spirit Lake is $60,938, which is 19% 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.

Everyday prices in the Coeur d'Alene, 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.