Key Economic Benchmarks
Median Household Income
$55,527$4,627 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Shoshone County, ID
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Shoshone County, ID
Official FY2026 HUD Fair Market Rents for Shoshone 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 | $837 | $10,044 | $33,480 | 18.1% |
| 1-Bedroom Apartment | $860 | $10,320 | $34,400 | 18.6% |
| 2-Bedroom ApartmentBenchmark | $1,128 | $13,536 | $45,120 | 24.4% |
| 3-Bedroom Home | $1,352 | $16,224 | $54,080 | 29.2% |
| 4-Bedroom Home | $1,892 | $22,704 | $75,680 | 40.9% |
50/30/20 Living Budget in Shoshone County, ID
Based on the local median household income of $55,527/year ($4,627/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 Shoshone County, ID
What is the median household income in Shoshone County, ID?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Shoshone County, ID is $55,527 per year (approximately $4,627 per month).
What is the average rent in Shoshone County, ID?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Shoshone County, ID are $837 for a studio, $860 for 1 bedroom, $1,128 for 2 bedrooms, $1,352 for 3 bedrooms, and $1,892 for 4 bedrooms.
How does the cost of living in Shoshone County, ID compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Shoshone 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 Shoshone County, ID?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,128/month) in Shoshone County, ID requires a minimum gross household income of $45,120 per year ($3,760 per month).
What is a balanced 50/30/20 monthly budget in Shoshone County, ID?
For a typical household earning the median income of $55,527/year ($4,627/month) in Shoshone County, ID, a balanced 50/30/20 budget allocates $2,314/month to essential needs (rent, utilities, groceries), $1,388/month to discretionary spending, and $925/month to savings and debt repayment.
What are typical electricity and utility costs in Shoshone 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.