Cost Of Living in Spencer, 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	Spencer	Idaho	National
Cost of living	108	96	100
Goods & Services	118	101	100
Groceries	107	101	100
Health care	96	99	100
Housing	n/a	88	100
Transportation	100	105	100
Utilities	93	86	100

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Cost Of Living Quick Facts

The cost of living in Spencer is 13% higher than the Idaho average
The cost of living in Spencer is 8% higher than the national average
Spencer housing is 52% higher 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	$0	$0	$0	$0
Renters	$0	$0	$0	$0

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	Spencer	National avg.	Difference
Haircut	$34.17	$24.26	40.8%
Beauty Salon	$54.03	$45.56	18.6%
Toothpaste	$4.45	$3.70	20.3%
Shampoo	$1.24	$1.28	3.2%
Movie	$14.00	$12.13	15.4%
Bowling	$18.03	$18.00	0.1%

Groceries

Item	Spencer	National avg.	Difference
Ground Beef	$6.67	$5.84	14.1%
Fried Chicken	$1.32	$1.57	16.2%
Milk	$4.91	$4.67	5.1%
Potatoes	$4.61	$4.93	6.5%
Pizza	$12.93	$12.09	7.0%
Beer	$11.39	$10.41	9.4%

Health Care

Item	Spencer	National avg.	Difference
Optometrist	$134.67	$125.68	7.1%
Doctor	$144.42	$135.78	6.4%
Dentist	$109.17	$113.29	3.6%
Ibuprofen	$10.94	$10.65	2.7%
Lipitor	$336.07	$468.60	28.3%

Housing

Item	Spencer	National avg.	Difference
Home Price	$0.00	$184,700.00	100.0%
Avg. Mortgage Payment	$3,780.77	$2,346.69	61.1%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Spencer	National avg.	Difference
Gasoline	$3.43	$3.46	0.8%
Tire Balancing	$60.29	$59.92	0.6%

Utilities

Item	Spencer	National avg.	Difference
All Electricity	$177.13	$193.99	8.7%
Phone	$182.36	$192.25	5.1%

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.
Dubois, ID	619	95	5.5%
Spencer, ID	13	108	8.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lime Village, AK	13	118	18.0%
Drytown, CA	13	112	11.6%
Beaconsfield, IA	13	73	27.0%
Meyer, IA	13	99	1.0%
Balfour, ND	13	80	20.3%
Spencer, ID	13	108	8.5%

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 Spencer, ID