Cost of Living Trends over the Last Decade

Home in BoiseWhen it comes to good places to live, Idaho is a hard location to beat. Not only is Idaho a beautiful state brimming with majestic mountains, sparkling lakes, and golden fields, but also economically, Idaho boasts a low cost-of-living index and many real estate economic advantages that anybody could easily settle into.

Cost of Living Trends in Idaho
It’s hard to imagine a place on earth that offers so much beauty at such unbelievable economy. For example, the West Coast is generally one of the most expensive areas to live within the United States. Not Idaho. Idaho’s cost-of-living index ranked twelfth in the United States at 93.04 in the fourth quarter of 2010 (source: MERIC). Idaho has the lowest cost-of-living index of the eleven western states. Plus, Idaho’s index has only improved within the last ten years. In 2000, Idaho’s cost-of-living index ranked twenty-first in the United States at 98.38 (source: MERIC). So, the cost of living in Idaho has dramatically improved within the last decade

Boise HomeIdaho Real Estate
Not only is the cost of living low in Idaho, there has never been a better time to buy a home in the Gem State. Real estate prices and interest rates are lower than they have been in years. Here are just a few of the hottest housing markets in Idaho today.
-   Boise
-   Eagle
-   Meridian
-   Nampa 

To give you an idea of house prices, in May of 2011 the median price for a Boise home is approximately $145,000. For a Meridian home, the median price is $164,900. The Median price for an Eagle home is $299,900. Finally, the median price for a Nampa home is valued at $87,000 (sources: Zillow). With beautiful homes in all styles and prices, it’s clearly a homebuyer’s bonanza in Idaho.

House Shopping in Idaho
Besides great scenery, good economy, and outstanding property prices, shopping for Idaho real estate is easier than ever. If you have a computer, you never have to leave your current residence to begin searching for your Idaho dream home. Do you know the MLS (Multiple Listing Service) number of the home that you’re interested in? Simply type the property's MLS number into our search engine at BuyIdahoRealEstate.com. You will be directed to that property’s listing, its details, and usually multiple photos of the real estate. Or you can browse our site for Nampa homes, Meridian properties, Boise houses, and Eagle properties. Searching for a home in Idaho is right at your fingertips. So, what are you waiting for? If you have your heart set on the natural beauty of Idaho, its low real estate prices and loan interest rates, and the attractive cost-of-living perks that Idaho offers, now is the time to head northwest and enjoy all that Idaho has for you!

Kevin Hughes

Post a Comment