Cost of Living in Jerome County, Idaho

$862/mo
Median Monthly Rent
$254,000
Median Home Value
6% below state averageUnaffordable

At a Glance

Median Monthly Rent
$862/mo
6% below state average
Median Home Value
$254,000
10% below national
Rent-to-Income Ratio
22.0%
% 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 Jerome County Compares

Median monthly rent comparison

Jerome County$862/mo
Idaho Average$919/mo
National Median$1,163/mo

Detailed Housing Stats

$862/mo
Median Gross Rent
$254,000
Median Home Value
$1,078/mo
Monthly Owner Cost
22.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Jerome County, Idaho

Jerome County leads in housing affordability

Jerome County's 14.9% rent-to-income ratio is among the nation's best, placing renters in a comfortable financial position despite a median income of $69,338 that's 7% below the national average. This county delivers genuine affordability without requiring above-average earnings.

Best affordability ratio in Idaho region

Jerome County ranks among the state's most affordable at 14.9% compared to Idaho's 16.8% average, with rents of $862 that align with the state median of $919. It represents an ideal middle ground: reasonable housing costs paired with access to job markets.

Sweet spot between rural and urban

Jerome's $862 rent falls between the bargain basements of Idaho County ($797) and the pricier markets of Kootenai ($1,330) and Jefferson ($1,098). At $69,338 income, Jerome households earn more than Latah and Lemhi counties while keeping rents manageable and well below state average.

Home ownership costs more than renting

Renters pay $862 monthly while homeowners spend $1,078 on their $254,000 median home value, creating a $216 monthly ownership premium. For the $69,338 median household income, this ratio remains affordable, but renters should understand that buying here carries a genuine cost bump.

Jerome County: affordable and practical

Jerome County offers the region's best rent-to-income ratio (14.9%) for households earning near $69,000, making it ideal for renters seeking stability without sacrifice. Compare this to Kootenai (20.7%) or Latah (16.7%) to see why Jerome works best for budget-conscious families and professionals.

Affordability Calculator

See how your income compares to housing costs in Jerome County

$

Rent Burden

14.9%

of gross income

Max Housing (28% Rule)

$1,618

per month

Owner Cost Burden

18.7%

of gross income

The median home in Jerome County may be a stretch

Median home value is $254,000. Estimated monthly cost: $2,028 vs. your max of $1,618.

Rent Affordability Guide

Your rent-to-income ratio14.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Jerome County, Idaho?
Jerome County, Idaho has a median monthly rent of $862/mo and a median home value of $254,000. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.
What is the median rent in Jerome County?
The median gross rent in Jerome County is $862/mo. This is 6% below state average for Idaho.
Is Jerome County affordable?
Jerome County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Jerome County's rent compare to the state average?
Jerome County's median rent of $862/mo is 6% below state average of $919/mo for Idaho.
What is the median home value in Jerome County?
The median home value in Jerome County, Idaho is $254,000. This is 10% 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.