Cost Of Living in Bancroft, ID

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Bancroft	Idaho	National
Cost of living	88	96	100
Goods & Services	101	101	100
Groceries	101	101	100
Health care	88	99	100
Housing	63	88	100
Transportation	100	105	100
Utilities	95	86	100

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Cost Of Living Quick Facts

The cost of living in Bancroft is 8% lower than the Idaho average
The cost of living in Bancroft is 12% lower than the national average
Bancroft housing is 37% lower than the national average
Idaho general sales tax is 18% higher than the national average
Idaho state income tax is 123% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$51,071	$4,256	$1,192	$1,532
Renters	$62,875	$5,240	$1,467	$1,886

Idaho Sales Tax

State	General Sales Tax	With Max Surtax
Idaho	6%	8.5%

Idaho Income Tax

State	Income Tax (Low)	Income Tax (High)
Idaho	5.8%	5.8%

Goods & Services

Item	Bancroft	National avg.	Difference
Haircut	$21.35	$24.26	12.0%
Beauty Salon	$52.17	$45.56	14.5%
Toothpaste	$3.64	$3.70	1.7%
Shampoo	$1.17	$1.28	8.6%
Movie	$11.20	$12.13	7.7%
Bowling	$16.97	$18.00	5.7%

Groceries

Item	Bancroft	National avg.	Difference
Ground Beef	$6.18	$5.84	5.9%
Fried Chicken	$1.42	$1.57	10.0%
Milk	$4.68	$4.67	0.2%
Potatoes	$4.61	$4.93	6.7%
Pizza	$11.99	$12.09	0.8%
Beer	$11.03	$10.41	5.9%

Health Care

Item	Bancroft	National avg.	Difference
Optometrist	$113.53	$125.68	9.7%
Doctor	$125.51	$135.78	7.6%
Dentist	$77.37	$113.29	31.7%
Ibuprofen	$10.71	$10.65	0.5%
Lipitor	$532.80	$468.60	13.7%

Housing

Item	Bancroft	National avg.	Difference
Home Price	$89,200.00	$184,700.00	51.7%
Avg. Mortgage Payment	$2,471.79	$2,346.69	5.3%
Apartment Rent	$913.00	$949.00	3.8%

Transportation

Item	Bancroft	National avg.	Difference
Gasoline	$3.51	$3.46	1.4%
Tire Balancing	$58.77	$59.92	1.9%

Utilities

Item	Bancroft	National avg.	Difference
All Electricity	$176.12	$193.99	9.2%
Phone	$192.69	$192.25	0.2%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Grace, ID	1,266	89	10.9%
Arimo, ID	326	90	9.6%
Lava Hot Springs, ID	253	95	5.4%
Bancroft, ID	309	88	11.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Dillon Beach, CA	309	274	173.6%
Esto, FL	309	81	18.5%
Martelle, IA	309	87	13.0%
Hollister, ID	309	85	14.9%
Newport, IN	309	81	19.3%
Bancroft, ID	309	88	11.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Bancroft, ID