Cost of living in Caldwell research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Caldwell is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Idaho, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Caldwell is 91, with 100 being the average.
The cost of living index in Caldwell is 0.9x lower than the national average.
Caldwell ranks as the #16 cheapest in Idaho out of 32.
Caldwell ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Caldwell is $218,100.
The median income in Caldwell is $59,795.
According to the most recent data on the cost of living, Caldwell has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Idaho, Caldwell has a cost of living index that's 0.9x lower than Idaho's index of 99.
The standard of living in Caldwell ranks as #16 most affordable out of the 32 places we measured in Idaho. By definition, that implies Caldwell ranks as the #16 most expensive place in the Gem State.
For more reading on life in Caldwell, check out:
Six factors go into calculating the cost of living index in Caldwell. Here is how it fairs on each of the criteria:
The Services index in Caldwell is 104.
The Groceries index in Caldwell is 94.
The Health index in Caldwell is 99.
The Housing index in Caldwell is 68.
The Transportation index in Caldwell is 109.
The Utilities index in Caldwell is 82.
Living Expense | Caldwell | Idaho | National Average | |
---|---|---|---|---|
Overall | 91 | 99 | 100 | |
Services | 104 | 100 | 100 | |
Groceries | 94 | 98 | 100 | |
Health | 99 | 95 | 100 | |
Housing | 68 | 100 | 100 | |
Transportation | 109 | 109 | 100 | |
Utilities | 82 | 82 | 100 |
Housing swings affordability the most between places in Idaho, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Caldwell is $218,100.
The Median Rent in Caldwell is $939.
The Median Income in Caldwell is $59,795.
The Home Value To Income in Caldwell is 3.6x.
The Rent To Monthly Income in Caldwell is 0.19x.
Statistic | Caldwell | Idaho | United States |
---|---|---|---|
Median Home Value | $218,100 | $266,500 | $244,900 |
Median Rent | $939 | $952 | $1,163 |
Median Income | $59,795 | $63,377 | $69,021 |
Home Value To Income | 3.6x | 4.2x | 3.5x |
Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
The cost of living varies in the cities and towns around Caldwell. Here's a quick look at the cost of living in the most populous nearby places:
Meridian, ID has a cost of living index of 101, 1.1x Caldwell.
Nampa, ID has a cost of living index of 91, 1.0x Caldwell.
Eagle, ID has a cost of living index of 114, 1.3x Caldwell.
City | Population | Cost Of Living | Vs. Caldwell |
---|---|---|---|
Meridian, ID | 115,227 | 101 | 1.1x |
Nampa, ID | 98,881 | 91 | 1.0x |
Eagle, ID | 29,665 | 114 | 1.3x |
Kuna, ID | 23,765 | 97 | 1.1x |
Star, ID | 10,929 | 105 | 1.2x |
Middleton, ID | 9,091 | 91 | 1.0x |
Emmett, ID | 7,408 | 86 | 0.9x |