Cost of Living in Bingham County, Idaho
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Bingham County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Bingham County ranks #1,732 of 3,144 counties for affordability (bottom 45%)
Data Story
About Cost of Living in Bingham County, Idaho
Bingham balances income and affordability well
Bingham County's rent-to-income ratio of 13.2% beats the national standard, with renters spending just $845 monthly on a median household income of $76,842. This county's slightly above-national income combined with below-average rents creates genuine housing affordability.
Bingham ranks among Idaho's most affordable
Bingham County's 13.2% rent-to-income ratio sits well below Idaho's state average of 16.8%, positioning it as one of the state's most affordable markets. At $845 monthly, median rent undercuts the state median of $919 while household incomes exceed the state typical.
Bingham offers good value in central Idaho
Bingham County's median rent of $845 competes favorably with neighboring Bannock County ($879) and Benewah County ($853), while incomes rank among the region's strongest. Home values of $258,000 provide accessible pathways to ownership.
Renters and owners enjoy genuine affordability
Bingham County renters spend $845 monthly while homeowners pay $934, both modest on a median income of $76,842 that exceeds the national average. Housing consumes just 13.2% of income, allowing households to invest in savings and long-term security.
Bingham: underrated affordability with real income
If you're seeking balanced housing costs and solid earning potential, Bingham County delivers both—above-average income paired with below-average housing burden. This makes it an appealing destination for those wanting affordability without sacrificing economic opportunity.
Cost of Living Advisory: Bingham County
Affordability Verdict
For renters in Bingham County, the market is affordable. Expect to pay around $845/month in gross rent, with 26.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Bingham County pay $845/month on average, compared to $934/month for homeowners. This market favors renters by about 10%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $33,800/year. For owner costs at the 28% rule, the required income is roughly $40,029/year. With a median household income of $76,842, most households can comfortably afford rent here. Notably, 26.0% of renter households in Bingham County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Latah County where rent averages $905/month, Bingham County is approximately 7% less expensive.
Affordability Calculator
See how your income compares to housing costs in Bingham County
Rent Burden
13.2%
of gross income
Max Housing (28% Rule)
$1,793
per month
Owner Cost Burden
14.6%
of gross income
The median home in Bingham County may be a stretch
Median home value is $258,000. Estimated monthly cost: $2,060 vs. your max of $1,793.
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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