Key Economic Benchmarks
Median Household Income
$77,878$6,490 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Bingham County, ID
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Bingham County, ID
Official FY2026 HUD Fair Market Rents for Bingham County, ID. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $737 | $8,844 | $29,480 | 11.4% |
| 1-Bedroom Apartment | $742 | $8,904 | $29,680 | 11.4% |
| 2-Bedroom ApartmentBenchmark | $973 | $11,676 | $38,920 | 15% |
| 3-Bedroom Home | $1,353 | $16,236 | $54,120 | 20.8% |
| 4-Bedroom Home | $1,632 | $19,584 | $65,280 | 25.1% |
50/30/20 Living Budget in Bingham County, ID
Based on the local median household income of $77,878/year ($6,490/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Idaho
Explore net income after federal income tax, FICA, and Idaho state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Idaho with official federal datasets:
Frequently Asked Questions About Living in Bingham County, ID
What is the median household income in Bingham County, ID?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Bingham County, ID is $77,878 per year (approximately $6,490 per month).
What is the average rent in Bingham County, ID?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Bingham County, ID are $737 for a studio, $742 for 1 bedroom, $973 for 2 bedrooms, $1,353 for 3 bedrooms, and $1,632 for 4 bedrooms.
How does the cost of living in Bingham County, ID compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Bingham County, ID is 95.5 (4.5% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Bingham County, ID?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($973/month) in Bingham County, ID requires a minimum gross household income of $38,920 per year ($3,243 per month).
What is a balanced 50/30/20 monthly budget in Bingham County, ID?
For a typical household earning the median income of $77,878/year ($6,490/month) in Bingham County, ID, a balanced 50/30/20 budget allocates $3,245/month to essential needs (rent, utilities, groceries), $1,947/month to discretionary spending, and $1,298/month to savings and debt repayment.
What are typical electricity and utility costs in Bingham County, ID?
Residential electricity rates in Idaho average 14.4¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $129 per month.