Key Economic Benchmarks
Median Household Income
$71,724$5,977 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Jerome County, ID
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Jerome County, ID
Official FY2026 HUD Fair Market Rents for Jerome County, ID HUD Metro FMR Area. 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 | $819 | $9,828 | $32,760 | 13.7% |
| 1-Bedroom Apartment | $986 | $11,832 | $39,440 | 16.5% |
| 2-Bedroom ApartmentBenchmark | $1,186 | $14,232 | $47,440 | 19.8% |
| 3-Bedroom Home | $1,599 | $19,188 | $63,960 | 26.8% |
| 4-Bedroom Home | $1,990 | $23,880 | $79,600 | 33.3% |
50/30/20 Living Budget in Jerome County, ID
Based on the local median household income of $71,724/year ($5,977/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 Jerome County, ID
What is the median household income in Jerome County, ID?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Jerome County, ID is $71,724 per year (approximately $5,977 per month).
What is the average rent in Jerome County, ID?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Jerome County, ID are $819 for a studio, $986 for 1 bedroom, $1,186 for 2 bedrooms, $1,599 for 3 bedrooms, and $1,990 for 4 bedrooms.
How does the cost of living in Jerome County, ID compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Jerome County, ID is 92.1 (7.9% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Jerome County, ID?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,186/month) in Jerome County, ID requires a minimum gross household income of $47,440 per year ($3,953 per month).
What is a balanced 50/30/20 monthly budget in Jerome County, ID?
For a typical household earning the median income of $71,724/year ($5,977/month) in Jerome County, ID, a balanced 50/30/20 budget allocates $2,989/month to essential needs (rent, utilities, groceries), $1,793/month to discretionary spending, and $1,195/month to savings and debt repayment.
What are typical electricity and utility costs in Jerome 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.