Salary & Cost of Living in Idaho Falls, ID
Idaho Falls, ID: $60,000 median salary, cost of living index 93, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$60,000
$29/hr
Cost of Living
93
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
2.8%
rate
Idaho Falls, ID Overview
Population
64,951
Median Salary
$60,000
Average Salary
$66,000
Avg Commute
18 min
Median Home Price
$300,000
Median Rent
$1,100/mo
Job Growth
+2%
Sales Tax
6%
Idaho Falls is located in Idaho with a population of 64,951. The median household salary is $60,000 per year ($29/hour), which is $616 above the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +2%.
Idaho Falls Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Idaho Falls, ID, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$46,769
$3,897.38/month · $1,798.79/biweekly · Effective Rate: 22.1%
Gross Pay
$60,000
Federal Tax
-$5,162
State Tax
-$3,480
Local Tax
$0
FICA
-$4,590
Net Pay
$46,769
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,000.00 | $60,000.00 |
| Federal Income Tax | -$430.13 | -$5,161.50 |
| Idaho State Tax (5.8%) | -$290.00 | -$3,480.00 |
| Social Security (6.2%) | -$310.00 | -$3,720.00 |
| Medicare (1.45%) | -$72.50 | -$870.00 |
| Net Take-Home Pay | $3,897.38 | $46,768.50 |
Salary Comparison: Idaho Falls vs Other Cities
See how Idaho Falls's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Idaho Falls, ID | $60,000 | 93 | $64,516 |
| National Average | $59,384 | 100 | $59,384 |
| Tampa, FL | $60,000 | 102 | $58,824 |
| Joliet, IL | $60,000 | 90 | $66,667 |
| Kansas City, MO | $60,000 | 90 | $66,667 |
| Fargo, ND | $60,000 | 93 | $64,516 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Idaho Falls
Idaho Falls's cost of living index is 93 (national average = 100). Living in Idaho Falls is 7% less expensive than the national average.
Median Home Price
$300,000
Median Monthly Rent
$1,100
Annual Rent Cost
$13,200
Your Salary's Purchasing Power
Your $46,769 annual take-home pay in Idaho Falls has the purchasing power of approximately $50,289 in an average-cost US area. Your $60,000 salary stretches further here than in most US cities.
Top Industries in Idaho Falls
Idaho Falls's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $60,000.
Salary Tips for Idaho Falls Workers
- Maximize pre-tax deductions. With a 5.8% state income tax rate, maximizing 401(k) contributions (up to $23,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Idaho Falls's top industries include Nuclear Energy, Healthcare, Education. Targeting roles in these sectors can help you earn above the $60,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
Related Salary Tools
Frequently Asked Questions
What is the median salary in Idaho Falls, ID?
The median salary in Idaho Falls, ID is $60,000 per year, or $29 per hour. The average salary is $66,000. This is $616 above the national median of $59,384.
What is the cost of living in Idaho Falls, ID?
Idaho Falls's cost of living index is 93 (national average = 100), meaning it is 7% less expensive compared to the national average. The median home price is $300,000 and the median monthly rent is $1,100.
What are the best industries in Idaho Falls?
The top industries in Idaho Falls, ID include Nuclear Energy, Healthcare, Education. The city has a job growth rate of 2% and an unemployment rate of 2.8%. Workers in these industries often earn above the city's median salary of $60,000.
How does Idaho Falls's salary compare to other cities?
Idaho Falls's median salary of $60,000 is 1.0% above the national median of $59,384. However, when adjusted for cost of living (index: 93), the real purchasing power is approximately $64,516.
What is the minimum wage in Idaho Falls, ID?
The minimum wage in Idaho Falls, ID is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.