Idaho has an overall lower cost of living, with the exception of housing which is just above the national average. The reason? Former California dwellers are causing housing prices in Idaho and Washington to rise.
Living Costs and Taxation
Idaho is cheaper than Washington. To afford bills, Idaho requires $29,007, whereas Washington needs $35,000.
Cost of living attracts potential Idaho and Washington residents. Idaho offers a strong job market and beautiful parks. Washington provides employment, outdoor recreation, and urban or rural living. However, Idaho’s population boom strains infrastructure.
Idaho’s low taxes compared to income rank it 28th highest in the U.S. Idaho devotes 9.4% of income to taxes. This attracts relocating workers. In contrast, some Seattle residents also move to Idaho despite higher incomes for better lifestyles, affordable homes, and plentiful land. Boise and Seattle occupy nearly equal land area, but Boise has far fewer residents per acre.
Energy and Life Expectancy
Washington’s renewable energy leads the nation. Hydroelectric and wind power supply most of its energy. The clean power and residents’ healthy lifestyles contribute to Washington having the nation’s highest life expectancy.
State Rankings and Migration Trends
U.S. News and World Report ranks Washington first and Idaho third as best states to live. Idaho draws praise for budget surpluses and low taxes. Much of Idaho’s revenue comes from growth fueled by Washington residents seeking cheaper housing.