Zip 83241 (Grace, ID) Cost of Living


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United States / Idaho / No Metro Area / Caribou County / Grace / Grace (zip 83241)
How much do I need to live in Grace, Idaho?
$4,140 / month
for a family, 23.3% less expensive than the national average A total of $49,680 for the year for a family.
$2,100 / month
for a single person, 55.9% less expensive than the national average A total of $25,200 for the year for a single person.

Grace cost of living score
83.8
Less expensive
16.2% lower
than the US average
20.6% lower
than the Idaho average
Grace (zip 83241), Idaho gets a BestPlaces Cost of Living score of 83.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 16.2% lower than the U.S. average and 20.6% lower than the average for Idaho.

Zip 83241 (Grace, ID)

Housing costs in Grace?
A typical home costs $258,900, which is 23.4% less expensive than the national average of $338,100 and 41.8% less expensive than the average Idaho home, at $445,000. Renting a two-bedroom unit in Grace costs $830 per month, which is 42.0% cheaper than the national average of $1,430 and 34.9% cheaper than the state average of $1,120.

Can I afford Grace?
To live comfortably in Grace (zip 83241), Idaho, a minimum annual income of $49,680 for a family, and $25,200 for a single person is recommended.

What does A.I. say about Grace?
The cost of living in 83241 Grace, ID is slightly higher than the national average. According to a recent survey, the city has a median home value of $246,100 with a median rent cost of $1,086 per month. Property taxes in Grace are also on the higher side at an average rate of about 2% of a property’s assessed value. Despite these higher costs, wages are also high and unemployment rates remain low as many local businesses experience growth. For those seeking affordable housing options, there are plenty of rental properties available throughout the city and its surrounding areas that boast reasonable prices for their quality and convenience.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesGraceIdahoUnited States
    Unlock105.5100.0
  90.7  Unlock100.0
    Unlock104.5100.0
  67.4  Unlock100.0
    Unlock$445,000$338,100
  96.1  Unlock100.0
    Unlock81.6100.0
  77.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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