Cost of Living in Gooding County, Idaho

$859/mo
Median Monthly Rent
$231,800
Median Home Value
7% below state averageUnaffordable

At a Glance

Median Monthly Rent
$859/mo
7% below state average
Median Home Value
$231,800
18% below national
Rent-to-Income Ratio
27.0%
% 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 Gooding County Compares

Median monthly rent comparison

Gooding County$859/mo
Idaho Average$919/mo
National Median$1,163/mo

Detailed Housing Stats

$859/mo
Median Gross Rent
$231,800
Median Home Value
$830/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Gooding County, Idaho

Gooding rents sit near the national sweet spot

At 16.5%, Gooding County's rent-to-income ratio lands just below the national average, with $859 rents supported by household income of $62,395. This balanced positioning makes Gooding a solid middle-ground choice for affordability-conscious Americans.

Gooding edges slightly below state average

Gooding County's 16.5% rent-to-income ratio sits just below Idaho's 16.8% state average, while its $859 median rent runs modestly above the state's $919 average. The county's moderate household income supports this lean affordability profile.

Balanced costs amid regional variation

Gooding County's $859 rent falls between Custer's bargain $744 and Elmore's pricey $1,111, reflecting its true middle-ground position in central Idaho. Household income of $62,395 also anchors Gooding near the regional median, making it reliably predictable.

Renters and buyers both find reasonable terms

Renters commit 16.5% of income to $859/month housing, leaving solid room for savings and discretionary spending. Homeowners pay $830/month on median properties worth $231,800, positioned between Custer's cheaper homes and the region's pricier markets.

Gooding offers Idaho's balanced middle ground

Gooding County delivers steady, predictable affordability without extremes—suitable for middle-income families seeking reliable Idaho living costs. Compare against Fremont's higher incomes and Elmore's cost burden to confirm Gooding's practical fit for your situation.

Affordability Calculator

See how your income compares to housing costs in Gooding County

$

Rent Burden

16.5%

of gross income

Max Housing (28% Rule)

$1,456

per month

Owner Cost Burden

16.0%

of gross income

The median home in Gooding County may be a stretch

Median home value is $231,800. Estimated monthly cost: $1,851 vs. your max of $1,456.

Rent Affordability Guide

Your rent-to-income ratio16.5%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Gooding County, Idaho?
Gooding County, Idaho has a median monthly rent of $859/mo and a median home value of $231,800. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Gooding County?
The median gross rent in Gooding County is $859/mo. This is 7% below state average for Idaho.
Is Gooding County affordable?
Gooding County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Gooding County's rent compare to the state average?
Gooding County's median rent of $859/mo is 7% below state average of $919/mo for Idaho.
What is the median home value in Gooding County?
The median home value in Gooding County, Idaho is $231,800. This is 18% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.