Post Falls, Idaho has a cost-of-living index of 115.9, which is 15.9 percent higher than the national average. This index allows you to compare the cost of living in one place to another, so you can see how far your money will go in different areas. The cost-of-living index takes into account the total cost of housing, food, child care, transportation, healthcare, taxes, and other essential items. This means that if you're considering moving to Post Falls, Idaho, you should be aware that it may be more expensive than other places. When it comes to the cost of living in Post Falls, Idaho, it's important to understand that there are both advantages and disadvantages.
On one hand, housing costs are higher than the national average. The median home value is $239,400, which is significantly higher than the national median of $184,700. On the other hand, some costs are lower than the national average. For example, the median household income in Post Falls is $60,845, which is slightly lower than the national median of $61,937. Additionally, the unemployment rate in Post Falls is 3.7 percent, which is lower than the national rate of 3.9 percent. Overall, living in Post Falls can be expensive depending on your lifestyle and budget. However, it's important to remember that there are some costs that are lower than the national average.
If you're looking for a place to live with a lower cost of living and plenty of amenities, Post Falls may be a good option.
What Factors Impact Cost of Living in Post Falls?When it comes to understanding the cost of living in Post Falls, Idaho, there are several factors that come into play. The most important factor is housing costs. As mentioned above, the median home value in Post Falls is $239,400 which is significantly higher than the national median of $184,700. In addition to housing costs, other factors such as food costs and transportation costs can also impact your overall cost of living. Food costs in Post Falls are slightly higher than the national average.
The average cost of groceries for a family of four is $845 per month compared to the national average of $744 per month. Transportation costs are also slightly higher than the national average. The average cost of gas for a car in Post Falls is $2.75 per gallon compared to the national average of $2.58 per gallon.
What Are Some Benefits Of Living In Post Falls?Despite its higher cost of living compared to other places in Idaho and across the country, there are still many benefits to living in Post Falls. One major benefit is its proximity to major cities like Spokane and Coeur d'Alene. This makes it easy to access amenities like shopping centers and entertainment venues.
Post Falls also offers plenty of outdoor activities such as hiking trails and lakes for fishing and swimming. Additionally, there are several parks and recreational areas for families to enjoy.