Cost of Living in Bannock County, Idaho
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Bannock County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Bannock County ranks #2,087 of 3,142 counties for affordability (bottom 34%)
Sourced county brief
Bannock County Median Home Value Estimated at $300,700
Bannock County has a median home value of $300,700, which is $54,561 below the Idaho unweighted county mean of $355,261. The median monthly owner cost for all owner-occupied units was estimated at $987, slightly above the state unweighted county mean of $968. The median gross rent in the county was $960 per month, which differs from the state unweighted county mean by $8. Among renter households, the median income was $37,939. The official ACS B25071 median gross rent as a percentage of household income (GRAPI) is 29.3%. This canonical rentToIncomePct is 2.4 percentage points higher than the Idaho unweighted county mean GRAPI of 26.9%. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Bannock County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.3% of renter household income in Bannock County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $960 per month; median selected monthly owner costs are $987. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $38,400 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Idaho unweighted mean of county median rents is $968 per month. Bannock County's $960 median is 0.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Bannock County
Rent Burden
17.3%
of gross income
Max Housing (28% Rule)
$1,552
per month
Owner Cost Burden
17.8%
of gross income
The median home in Bannock County may be a stretch
Median home value is $300,700. Estimated monthly cost: $2,401 vs. your max of $1,552.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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