Cost of Living in Bingham County, Idaho

$845/mo

Median Monthly Rent

$258,000

Median Home Value

8% below state averageUnaffordable

At a Glance

Median Monthly Rent

$845/mo

8% below state average

Median Home Value

$258,000

8% below national

Rent-to-Income Ratio

26.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Bingham County Compares

Median monthly rent comparison

Bingham County$845/mo

Idaho Average$919/mo

National Median$1,163/mo

Detailed Housing Stats

$845/mo

Median Gross Rent

$258,000

Median Home Value

$934/mo

Monthly Owner Cost

26.0%

Rent-to-Income Ratio

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.

Affordability Calculator

See how your income compares to housing costs in Bingham County

Your Annual Household Income

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

Your rent-to-income ratio13.2%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Bingham County, Idaho?

Bingham County, Idaho has a median monthly rent of $845/mo and a median home value of $258,000. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.

What is the median rent in Bingham County?

The median gross rent in Bingham County is $845/mo. This is 8% below state average for Idaho.

Is Bingham County affordable?

Bingham County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Bingham County's rent compare to the state average?

Bingham County's median rent of $845/mo is 8% below state average of $919/mo for Idaho.

What is the median home value in Bingham County?

The median home value in Bingham County, Idaho is $258,000. This is 8% below the national median home value of $281,900.