Key Economic Benchmarks
Median Household Income
$63,559$5,297 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Gooding County, ID
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Gooding County, ID
Official FY2026 HUD Fair Market Rents for Gooding 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 | $846 | $10,152 | $33,840 | 16% |
| 1-Bedroom Apartment | $851 | $10,212 | $34,040 | 16.1% |
| 2-Bedroom ApartmentBenchmark | $1,026 | $12,312 | $41,040 | 19.4% |
| 3-Bedroom Home | $1,427 | $17,124 | $57,080 | 26.9% |
| 4-Bedroom Home | $1,721 | $20,652 | $68,840 | 32.5% |
50/30/20 Living Budget in Gooding County, ID
Based on the local median household income of $63,559/year ($5,297/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 Gooding County, ID
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?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Gooding County, ID are $846 for a studio, $851 for 1 bedroom, $1,026 for 2 bedrooms, $1,427 for 3 bedrooms, and $1,721 for 4 bedrooms.
How does the cost of living in Gooding County, ID compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Gooding 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 Gooding County, ID?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,026/month) in Gooding County, ID requires a minimum gross household income of $41,040 per year ($3,420 per month).
What is a balanced 50/30/20 monthly budget in Gooding County, ID?
For a typical household earning the median income of $63,559/year ($5,297/month) in Gooding County, ID, a balanced 50/30/20 budget allocates $2,648/month to essential needs (rent, utilities, groceries), $1,589/month to discretionary spending, and $1,059/month to savings and debt repayment.
What are typical electricity and utility costs in Gooding 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.