Key Economic Benchmarks
Median Household Income
$67,409$5,617 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Twin Falls County, ID
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Twin Falls County, ID
Official FY2026 HUD Fair Market Rents for Twin Falls 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 | $885 | $10,620 | $35,400 | 15.8% |
| 1-Bedroom Apartment | $979 | $11,748 | $39,160 | 17.4% |
| 2-Bedroom ApartmentBenchmark | $1,284 | $15,408 | $51,360 | 22.9% |
| 3-Bedroom Home | $1,786 | $21,432 | $71,440 | 31.8% |
| 4-Bedroom Home | $2,154 | $25,848 | $86,160 | 38.3% |
50/30/20 Living Budget in Twin Falls County, ID
Based on the local median household income of $67,409/year ($5,617/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 Twin Falls County, ID
What is the median household income in Twin Falls County, ID?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Twin Falls County, ID is $67,409 per year (approximately $5,617 per month).
What is the average rent in Twin Falls County, ID?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Twin Falls County, ID are $885 for a studio, $979 for 1 bedroom, $1,284 for 2 bedrooms, $1,786 for 3 bedrooms, and $2,154 for 4 bedrooms.
How does the cost of living in Twin Falls County, ID compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Twin Falls 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 Twin Falls County, ID?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,284/month) in Twin Falls County, ID requires a minimum gross household income of $51,360 per year ($4,280 per month).
What is a balanced 50/30/20 monthly budget in Twin Falls County, ID?
For a typical household earning the median income of $67,409/year ($5,617/month) in Twin Falls County, ID, a balanced 50/30/20 budget allocates $2,809/month to essential needs (rent, utilities, groceries), $1,685/month to discretionary spending, and $1,123/month to savings and debt repayment.
What are typical electricity and utility costs in Twin Falls 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.