Cost of Living in Twin Falls, ID
2026 data for Twin Falls, ID • Population: 53,350
2% less expensive than the US average (100)
1-Bedroom Rent
Average monthly rent for a one-bedroom apartment
2-Bedroom Rent
Average monthly rent for a two-bedroom apartment
Median Income
Median household income in Twin Falls
Population
Estimated population of Twin Falls
How Far Does Your Salary Go?
A salary in Twin Falls has different purchasing power than the national average. Use the equivalence below to understand what your salary is worth compared to the US average.
Formula: Your salary in Twin Falls ÷ COL index × 100 = equivalent national salary. A $51,020 national salary gives you the same purchasing power as $50,000 in Twin Falls.
Housing Affordability Analysis
Rent as % of Income
For a 1-bedroom apartment at median income. Experts suggest under 30% is affordable.
Monthly Rent to Income
Ratio of monthly income to monthly 1-bedroom rent.
What is a Cost of Living Index?
A cost of living index measures the relative cost of goods and services in a city compared to a national baseline (set at 100). An index of 150 means the city is 50% more expensive than average. An index of 80 means it's 20% cheaper than average.
The index typically includes housing, groceries, utilities, transportation, and healthcare—the major expense categories for households.
Compare with Other Cities
See how Twin Falls's cost of living stacks up against nearby and similar cities.
Financial Tools to Explore
Use these Pulsafi calculators to plan your finances based on Twin Falls's cost of living.
Salary Breakdown Calculator
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Rent vs Buy Calculator
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Budget Calculator
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Mortgage Calculator
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Cost of Living Guide for Twin Falls, ID
Overview
Twin Falls has a cost of living index of 98, making it 2% less expensive than the national average. With a population of 53,350 and a median household income of $47,823, understanding the true cost of living here is essential for financial planning.
Housing Market
The housing market in Twin Falls reflects its cost of living index. A one-bedroom apartment averages $1,000 per month, while a two-bedroom apartment costs approximately $1,250 per month. For renters, this typically consumes 25.1% of the median household income—within the recommended 30% threshold.
Income and Affordability
With a median household income of $47,823, Twin Falls residents earn slightly below the national median. When factoring in the local cost of living, a salary of $76,531in Twin Falls provides the same purchasing power as $75,000 nationally.
Moving to Twin Falls
Whether you're relocating for work or considering a move, understanding the cost of living in Twin Falls is crucial. Use our calculators to determine if your salary can support your desired lifestyle here. Consider not just rent, but also food, utilities, transportation, and healthcare when budgeting.
Saving and Investing
Once you understand your cost of living in Twin Falls, you can better plan your savings and investment strategy. Our financial tools help you determine how much you can realistically save each month and optimize your financial goals.
Frequently Asked Questions About Cost of Living in Twin Falls
How does the cost of living in Twin Falls compare to the national average?
Twin Falls has a cost of living index of 98, which means it's 2% less expensive than the US average of 100. This affects everything from housing to groceries and utilities.
Is a $76,531 salary good for Twin Falls?
A salary in Twin Falls has different purchasing power than elsewhere. A $76,531 salary in Twin Falls provides the same purchasing power as $75,000 nationally. Compare your salary to the median income of $47,823 to gauge your earning potential.
Can you afford to rent in Twin Falls?
With a median household income of $47,823, a one-bedroom apartment averaging $1,000 per month consumes 25.1% of income. Financial experts recommend keeping rent under 30% of gross income—this is within that threshold.
Related Data for Twin Falls, ID
Explore take-home pay, affordability, mortgages, and retirement benchmarks around Twin Falls's median income.
Take-home pay on $50,000 in Idaho
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