Cost of Living in Twin Falls, ID

With a cost of living index of 85, Twin Falls, ID is a very affordable place to live. Living here is 15% cheaper than the national average and in line with the Idaho state average. With a population of 53,219, Twin Falls is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Twin Falls's cost of living. The median monthly rent is $1,011 (23% below the US median of $1,319), and the median home value sits at $279,400 (8% below the national median of $304,900). At current prices, the median home costs roughly 4.6x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Twin Falls is $60,760, 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. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Everyday prices in the Twin Falls, 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.