Idaho, while known for its affordability compared to many other states, exhibits regional variations in the cost of living. Except when it comes to housing.
In the more urban areas like Boise, Nampa and Meridian, you’ll likely encounter slightly higher prices for groceries, dining out and entertainment. This is due to factors like a larger population base and increased competition among businesses. However, even in these areas, Idaho’s overall cost of living remains relatively low.
Moving toward the rural parts of the state, such as Idaho Falls, Twin Falls or Coeur d’Alene, you’ll often find lower prices for many goods and services. This is primarily attributed to lower population density, reduced competition and potentially lower wages.
Regarding transportation costs, car ownership is prevalent throughout Idaho, and gas prices generally align with national trends. While rates can vary, Idaho’s overall insurance costs are generally competitive.
While Idaho offers a relatively affordable cost of living compared to many other states, regional differences do exist. Recent news reports on the loss of local workers is becoming prevalent in Kootenai County.
From local public defenders, state troopers and hospital staff, the high cost of housing is taking its toll. The common thread is not the cost of living specifically, but the cost of housing — both rental and ownership.
Recent studies indicate that there is a need for more than 2,000 units per year for a decade to be built in order to house the workers needed to keep up with our projected population needs.
The Housing Solutions Partnership is implementing dozens of strategic plans that can address housing on multiple levels, but it likely isn’t enough.
As the education of these projections is shared, many members of the community are reluctant to accept the data and the consequences of not addressing needed changes to provide more solutions to the housing crisis.
The time is now to move the dial to address these challenges and ensure we have the ability to continue to enjoy the quality of life North Idaho has provided. All can help by supporting the Housing Solutions Partnership and staying involved in their regional efforts.