Jerome, ID

Yes — everyday expenses in Jerome run about 19% below the US average (Cost Index: 81). Housing is especially affordable: the median home is valued around $214,900, compared to the $303,400 national median. Monthly rent is typically around $900, versus $1,348 nationally.

Start with housing. Typical monthly rent is $900, while local median household income is $65,343. That implies a rent-burden proxy of about 17% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Idaho has a progressive state income tax with a top rate of 5.8%. The effective property tax rate is 0.63%. On a home worth $214,900, that translates to roughly $1,354 per year in property taxes. Sales tax (state + local) averages around 6.02% on everyday purchases.

The typical monthly rent in Jerome is around $900. That's roughly 33% lower than the $1,348 national median. For comparison, the median home value here is $214,900, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Jerome is valued at $214,900. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,087/month for principal and interest alone — before property taxes and insurance. About 72% of residents here own their homes.

Grocery prices in Jerome are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 70). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Jerome is a small town with a population of about 12,689. The median age of residents is 31, skewing younger — often a sign of a college town or fast-growing area. The local poverty rate is 15.22%, near the national average of 12.4%.