Meridian, ID Cost Of Living
Cost Of Living In Meridian, ID Summary
Cost of living in Meridian 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 Meridian 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 Meridian is 101, with 100 being the average.
The cost of living index in Meridian is 1.0x higher than the national average.
Meridian ranks as the #22 cheapest in Idaho out of 32.
Meridian ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Meridian is $349,400.
The median income in Meridian is $85,201.
Table Of Contents
Meridian's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Meridian, ID?
According to the most recent data on the cost of living, Meridian has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Idaho, Meridian has a cost of living index that's 1.0x higher than Idaho's index of 99.
The standard of living in Meridian ranks as #22 most affordable out of the 32 places we measured in Idaho. By definition, that implies Meridian ranks as the #10 most expensive place in the Gem State.
For more reading on life in Meridian, check out:
- Living In Meridian
- Meridian Crime Report
- Search Homes For Sale In Meridian, ID
In Idaho
In America
Meridian Cost Of Living Vs. Idaho
Six factors go into calculating the cost of living index in Meridian. Here is how it fairs on each of the criteria:
The Services index in Meridian is 102.
The Groceries index in Meridian is 95.
The Health index in Meridian is 99.
The Housing index in Meridian is 109.
The Transportation index in Meridian is 111.
The Utilities index in Meridian is 85.
| Living Expense | Meridian | Idaho | National Average | |
|---|---|---|---|---|
| Overall | 101 | 99 | 100 | |
| Services | 102 | 100 | 100 | |
| Groceries | 95 | 98 | 100 | |
| Health | 99 | 95 | 100 | |
| Housing | 109 | 100 | 100 | |
| Transportation | 111 | 109 | 100 | |
| Utilities | 85 | 82 | 100 | |
Meridian, ID Housing Cost Breakdown
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 Meridian is $349,400.
The Median Rent in Meridian is $1,318.
The Median Income in Meridian is $85,201.
The Home Value To Income in Meridian is 4.1x.
The Rent To Monthly Income in Meridian is 0.19x.
| Statistic | Meridian | Idaho | United States |
|---|---|---|---|
| Median Home Value | $349,400 | $266,500 | $244,900 |
| Median Rent | $1,318 | $952 | $1,163 |
| Median Income | $85,201 | $63,377 | $69,021 |
| Home Value To Income | 4.1x | 4.2x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Meridian, ID Costs By Category
Detailed Meridian Services Costs Vs. Idaho
Detailed Meridian Groceries Costs Vs. Idaho
Detailed Meridian Health Costs Vs. Idaho
Detailed Meridian Transportation Costs Vs. Idaho
Detailed Meridian Utilities Costs Vs. Idaho
Meridian SnackAbility
/10
Cost Of Living In Cities Around Meridian
The cost of living varies in the cities and towns around Meridian. Here's a quick look at the cost of living in the most populous nearby places:
Nampa, ID has a cost of living index of 91, 0.9x Meridian.
Caldwell, ID has a cost of living index of 91, 0.9x Meridian.
Eagle, ID has a cost of living index of 114, 1.1x Meridian.
| City | Population | Cost Of Living | Vs. Meridian |
|---|---|---|---|
| Nampa, ID | 98,881 | 91 | 0.9x |
| Caldwell, ID | 58,872 | 91 | 0.9x |
| Eagle, ID | 29,665 | 114 | 1.1x |
| Kuna, ID | 23,765 | 97 | 1.0x |
| Star, ID | 10,929 | 105 | 1.0x |
| Middleton, ID | 9,091 | 91 | 0.9x |
| Emmett, ID | 7,408 | 86 | 0.9x |
