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)
How Bannock County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Bannock County ranks #2,351 of 3,144 counties for affordability (bottom 25%)
Data Story
About Cost of Living in Bannock County, Idaho
Bannock rents slightly below national baseline
Bannock County's rent-to-income ratio of 16.5% sits modestly below the national standard, with renters spending $879 monthly on a median household income of $64,080. This county underperforms the national median income by $10,675, yet maintains solid affordability through measured housing costs.
Bannock tracks closely to Idaho norms
Bannock County's 16.5% rent-to-income ratio ranks slightly better than Idaho's average of 16.8%, despite earning $12,762 below the statewide median. With median rent at $879—just below the state median of $919—the county offers balanced affordability.
Bannock sits in the middle of regional costs
Bannock County's median rent of $879 falls between Bingham County's lower-cost $845 and Bear Lake County's $687, reflecting its mid-size economic position. Home values of $267,200 position it as among Idaho's most affordable homebuying markets.
Renters and owners share balanced burden
Bannock County renters spend $879 monthly while homeowners pay $962, both reasonable on a median income of $64,080. At 16.5% of income dedicated to rent, residents retain meaningful earnings for other necessities and discretionary spending.
Bannock balances affordability with opportunity
Relocating to Bannock County means modest housing costs paired with moderate incomes—ideal for those seeking rural living without sacrificing economic balance. The county's stable affordability metrics make long-term budgeting predictable for newcomers.
Cost of Living Advisory: Bannock County
Affordability Verdict
Housing in Bannock County is affordable. The median rent is $879/month against a median household income of $64,080, putting rent at 16.5% of income.
Rent vs. Own
Renters in Bannock County pay $879/month on average, compared to $962/month for homeowners. This market favors renters by about 9%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $35,160/year. For owner costs at the 28% rule, the required income is roughly $41,229/year. With a median household income of $64,080, most households can comfortably afford rent here. Notably, 28.0% of renter households in Bannock County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Bannock County sits 7% more expensive than Adams County ($823/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Bannock County
Rent Burden
16.5%
of gross income
Max Housing (28% Rule)
$1,495
per month
Owner Cost Burden
18.0%
of gross income
The median home in Bannock County may be a stretch
Median home value is $267,200. Estimated monthly cost: $2,133 vs. your max of $1,495.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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