Housing costs in Banks?
A typical home costs
$461,200, which is 36.4% more expensive than the national average of
$338,100 and 3.6% more expensive than the average Idaho home, at
$445,000. Renting a two-bedroom unit in Banks costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and close to the state average of
$1,120.
Can I afford Banks?
To live comfortably in Banks, Idaho, a minimum annual income of
$88,200 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Banks?
Banks, Idaho is known for its affordable cost of living. According to the most recent data from Sperling's Best Places, Banks has a cost of living index of 86.1, which is 14% lower than the national average. This means that residents can expect to enjoy relatively low prices on goods and services compared to other parts of the country, allowing them to save more money and enjoy a higher standard of living overall. In addition, housing in Banks is highly affordable with a median home value of just $187,500. With all these factors taken into consideration, it's no surprise why so many people choose Banks as an ideal place to live and work.