The following data are the most current income statistics for Idaho from the US Census Bureau, are in 2019 inflation adjusted dollars and are from the American Community Survey 2019 5-year estimates. Median Household Income: $55,785. Average Household Income: $73,810.
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What is middle class in Idaho?
America’s Fastest-Growing States
| State | Household Income Range for Middle Class |
|---|---|
| Idaho | $25,989 – $103,435 |
| Illinois | $27,109 – $134,640 |
| Indiana | $22,915 – $98,771 |
| Iowa | $24,663 – $101,008 |
What is the average individual income in Idaho?
The ACS survey shows the median per capita income for Idaho was $29,606 in 2019. Compared to the US per capita income, Idaho per capita income is $6,066 lower. Per capita income numbers for 2020 will be released in September of 2021.
What is the wealthiest town in Idaho?
Hidden Springs
The richest town in Idaho is Hidden Springs. Hidden Springs is a suburb of Boise, which was recently named one of the best places to buy a home by WalletHub.
What is the average monthly income in Idaho?
Average Salary in Idaho
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $82,720 | $6,893 |
| 75th Percentile | $68,014 | $5,667 |
| Average | $58,478 | $4,873 |
| 25th Percentile | $45,496 | $3,791 |
What salary is upper class?
What Is a Middle-Class Income?
| Income group | Income |
|---|---|
| Lower-middle class | $32,048 – $53,413 |
| Middle class | $53,413 – $106,827 |
| Upper-middle class | $106,827 – $373,894 |
| Rich | $373,894 and up |
How much do I need to make to live in Idaho?
What is a livable wage in Idaho? According to MIT, a single person living in Idaho needs to make at least $29,007 to be able to afford all of their bills. An average family with two kids and two working adults requires a much higher income of $80,158 per year to cover their expenses.
What is considered rich in Idaho?
According to a study by msn.com earning $286,974 per year will place you in the top 5% of earners in the state of Idaho. In other words, you’re considered rich!On the lower end of rich, you’d need to make at least $167,204 in Idaho to be considered the upper class.
What’s the poorest city in Idaho?
Bonners Ferry is a small city of about 2,500 people in northern Idaho. The poorest place in the state, Bonners Ferry has a median household income of just $31,619 – well below the median income across Idaho of $53,089.
What is a good median household income?
Median Household Income by State 2021
| State | Median Household Income |
|---|---|
| Connecticut | $78,444 |
| Alaska | $77,640 |
| New Hampshire | $76,768 |
| California | $75,235 |
Where in Idaho should you not live?
The 20 Worst Places to Live in Idaho
- Post Falls, ID. According to Burglary, Post Falls ranks among the ten most dangerous cities in the State of Idaho with regards to its crime rate.
- Idaho Falls, ID. Idaho Falls is a lovely scenic place to live.
- Sandpoint, ID.
- Coeur d’Alene, ID.
- Nampa, ID.
- Weiser, ID.
- Caldwell, ID.
- Hayden, ID.
Who is the wealthiest man in Idaho?
In 2017, Forbes listed VanderSloot as the richest person in Idaho and the 302nd wealthiest American with a net worth of $2.7 billion.
Why are people moving to Idaho?
Idaho is the true definition of heaven on earth. The cost of living is lower compared to other states. Moreover, residents of the Gem State enjoy lower tax rates, affordable home prices, inexpensive healthcare, numerous job opportunities, and a higher quality of life.
What is a good wage in Idaho?
Living Wage Calculation for Idaho
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $13.95 | $31.29 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $7.25 | $7.25 |
What are the wages in Idaho?
Idaho’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate. The minimum wage applies to most employees in Idaho, with limited exceptions including tipped employees, some student workers, and other exempt occupations.
What is the minimum wage in Idaho?
$7.25
In 2009, the federal minimum wage was set at $7.25 and has not since been changed on a federal level. Idaho and 19 other states have also left the minimum wage at $7.25.
What percentage of Americans make over 100k?
Percentage distribution of household income in the U.S. in 2020
| Annual household income in U.S. dollars | Percentage of U.S. households |
|---|---|
| 75,000 to 99,999 | 12.2% |
| 100,000 to 149,999 | 15.3% |
| 150,000 to 199,999 | 8% |
| 200,000 and over | 10.3% |
What salary is considered wealthy?
With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $470,000 a year in 2021 is considered a top 1% income earner.
What is a middle class income for a single person?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Couple |
|---|---|---|
| Arkansas | $22,675 – $68,025 | $32,067 – $96,202 |
| California | $29,851 – $89,552 | $42,215 – $126,646 |
| Colorado | $26,876 – $80,629 | $38,009 – $114,026 |
| Connecticut | $28,364 – $85,091 | $40,112 – $120,336 |
What is bad about living in Idaho?
The worst places to live in Idaho are Weiser, Emmett, Caldwell, Nampa, Jerome, Pocatello, Burley, Payette and Rupert. The overall degree of crime in Idaho is quite low. Both the violent crime rate and property crime rate are below the national average.The property crime rate in Idaho is 21.3 crimes per 1,000 people.
What are the pros and cons of living in Idaho?
Pros & Cons of Living in Idaho
| Pros of living in Idaho | Cons of living in Idaho |
|---|---|
| Homes are fairly affordable in Idaho | Idaho residents are known for living a solitary lifestyle |
| Idaho has a booming job market | Idaho’s population is growing very fast |
| Idaho has a below-average property crime rate | Winters can be really harsh in Idaho |
