Idaho · Census, HUD and BEA figures · Updated

Cost of Living in Gooding County, ID

Prices around Gooding County, ID run 4.5% below the U.S. average (BEA, Idaho). The typical household there earns $63,559 a year, and HUD puts a two-bedroom at $1,026 a month. Keeping that rent under 30% of income takes about $41,040 a year.

Gooding County, ID at a glance

Median household income

$63,559$5,297 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,026HUD FY2026 Fair Market Rent
Price level (U.S. = 100)95.5-4.5% · BEA, Idaho
Electricity14.4¢per kWh · EIA Residential ID
Population15,931Census ACS 5-year estimate

How much rent can you afford in Gooding County, ID?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,026Monthly market rent
Share of gross income19.4%Recommended max: 30%
Annual income needed$41,040To meet the 30% standard
Max affordable rent$1,589At 30% of $63,559
0%30% (Affordability standard)100%
Compare against:

How much is rent in Gooding County, ID? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Gooding County, ID, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Gooding County, ID, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$846$10,152$33,84016%
1-Bedroom Apartment$851$10,212$34,04016.1%
2-Bedroom ApartmentBenchmark$1,026$12,312$41,04019.4%
3-Bedroom Home$1,427$17,124$57,08026.9%
4-Bedroom Home$1,721$20,652$68,84032.5%

Rent in Gooding County, ID, with the wage each unit needs →

What a typical income covers in Gooding County, ID

The 50/30/20 rule applied to the local median of $63,559 a year ($5,297 a month before tax).

Needs (50%)$2,648/moRent ($1,026 2-BR), utilities (~$129/mo), groceries, transit
Wants (30%)$1,589/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$1,059/moEmergency fund, retirement, paying down loans

What $63,559 leaves after Idaho taxes

Federal income tax, Social Security, Medicare and Idaho tax on the local median income. Change the salary to see yours.

$63,559
$25,000$130,000
Filing status:
Gross salary breakdown$63,559
Net 80%
Fed 9%
ID 4%
FICA 8%
Annual take-home$50,971After all taxes
Monthly deposit$4,248Estimated per month
Biweekly paycheck$1,960Every 2 weeks (26/yr)
Effective tax rate19.8%Total tax burden
Federal income tax$5,447 / yr
Idaho state income tax$2,279 / yr
FICA (Social Security & Medicare)$4,862 / yr

Living in Gooding County, ID: common questions

What is the median household income in Gooding County, ID?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Gooding County, ID is $63,559 per year (approximately $5,297 per month).

What is the average rent in Gooding County, ID?

The closest official figure is HUD's Fair Market Rent for 2026: $846 for a studio, $851 for one bedroom, $1,026 for two, $1,427 for three and $1,721 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Gooding County, ID expensive to live in?

Prices there run 4.5% below the U.S. average. BEA's regional price parity for Idaho is 95.5, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Gooding County, ID?

To keep a $1,026 two-bedroom under 30% of gross income, a household needs about $41,040 a year, or $3,420 a month. That is 65% of what the typical household in Gooding County, ID earns.

How much do you need to live comfortably in Gooding County, ID?

On the local median income of $63,559 ($5,297 a month before tax), the 50/30/20 rule leaves $2,648 a month for needs like rent, utilities and groceries, $1,589 for everything else and $1,059 for savings or debt. A two-bedroom at $1,026 takes 39% of the needs share.

How much is the electric bill in Gooding County, ID?

Homes in Idaho paid 14.4¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $129. Your bill depends mostly on heating and cooling.