Salary & Cost of Living in Twin Falls, ID
Twin Falls, ID: $40,875 median salary, cost of living index 90.8, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$40,875
$20/hr
Cost of Living
90.8
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
2.6%
rate
Twin Falls, ID Overview
Population
51,807
Median Salary
$40,875
Average Salary
$45,780
Avg Commute
16 min
Median Home Price
$315,000
Median Rent
$1,286/mo
Job Growth
+2.5%
Sales Tax
6%
Twin Falls is located in Idaho with a population of 51,807. The median household salary is $40,875 per year ($20/hour), which is $18,509 below the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +2.5%.
Twin Falls Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Twin Falls, ID, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$32,511
$2,709.23/month · $1,250.42/biweekly · Effective Rate: 20.5%
Gross Pay
$40,875
Federal Tax
-$2,867
State Tax
-$2,371
Local Tax
$0
FICA
-$3,127
Net Pay
$32,511
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,406.25 | $40,875.00 |
| Federal Income Tax | -$238.88 | -$2,866.50 |
| Idaho State Tax (5.8%) | -$197.56 | -$2,370.75 |
| Social Security (6.2%) | -$211.19 | -$2,534.25 |
| Medicare (1.45%) | -$49.39 | -$592.69 |
| Net Take-Home Pay | $2,709.23 | $32,510.81 |
Salary Comparison: Twin Falls vs Other Cities
See how Twin Falls's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Twin Falls, ID | $40,875 | 90.8 | $45,017 |
| National Average | $59,384 | 100 | $59,384 |
| Coeur d'Alene, ID | $40,879 | 105.2 | $38,858 |
| Corvallis, OR | $40,886 | 108.5 | $37,683 |
| Dubuque, IA | $40,886 | 85.5 | $47,820 |
| Council Bluffs, IA | $40,890 | 85.2 | $47,993 |
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 Twin Falls
Twin Falls's cost of living index is 90.8 (national average = 100). Living in Twin Falls is 9.200000000000003% less expensive than the national average.
Median Home Price
$315,000
Median Monthly Rent
$1,286
Annual Rent Cost
$15,432
Your Salary's Purchasing Power
Your $32,511 annual take-home pay in Twin Falls has the purchasing power of approximately $35,805 in an average-cost US area. Your $40,875 salary stretches further here than in most US cities.
Top Industries in Twin Falls
Twin Falls's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $40,875.
Salary Tips for Twin 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. Twin Falls's top industries include Agriculture, Technology, Manufacturing. Targeting roles in these sectors can help you earn above the $40,875 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 Twin Falls, ID?
The median salary in Twin Falls, ID is $40,875 per year, or $20 per hour. The average salary is $45,780. This is $18,509 below the national median of $59,384.
What is the cost of living in Twin Falls, ID?
Twin Falls's cost of living index is 90.8 (national average = 100), meaning it is 9.200000000000003% less expensive compared to the national average. The median home price is $315,000 and the median monthly rent is $1,286.
What are the best industries in Twin Falls?
The top industries in Twin Falls, ID include Agriculture, Technology, Manufacturing. The city has a job growth rate of 2.5% and an unemployment rate of 2.6%. Workers in these industries often earn above the city's median salary of $40,875.
How does Twin Falls's salary compare to other cities?
Twin Falls's median salary of $40,875 is 31.2% below the national median of $59,384. However, when adjusted for cost of living (index: 90.8), the real purchasing power is approximately $45,017.
What is the minimum wage in Twin Falls, ID?
The minimum wage in Twin 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.