Comprehensive salary data, cost of living, tax rates, and employment information for Idaho.
Reviewed by Alexander O.M., MBA, BSc Engineering•Updated
Idaho has been one of the fastest-growing states in the US over the past decade by percentage, and the Boise metro specifically has led that growth. The $74,942 median household income has climbed meaningfully from the mid-2010s as the state's technology footprint expanded. Micron Technology, one of the largest memory-chip manufacturers in the world, is headquartered in Boise and is the state's largest private employer; its recent $15 billion fab expansion is expected to add thousands of high-wage jobs over the next decade. Outside of Boise, the economy is more traditional — agriculture (potatoes, dairy, sugar beets, wheat), manufacturing, and tourism around the mountain regions. The cost-of-living index of 97 sits just below the national average, but Boise's housing market has decoupled from that statewide figure; median home prices in Ada County have roughly doubled since 2016. Idaho's flat state income tax of 5.695% is among the higher flat rates in the West. The $7.25/hour minimum wage remains at the federal floor, and bills to raise it have stalled repeatedly in the legislature. Property taxes are modest by national standards. Full data follows.
Median Individual
$33,390
per year
Median Household
$74,942
per year
Cost of Living
97
Affordable (US avg = 100)
State Income Tax
5.695%
rate
Salary Overview for Idaho
The median individual income in Idaho is $33,390 per year, while the mean (average) individual income is $43,210. The median household income is $74,942.
Cost of Living Adjusted Salary
Idaho's cost of living index is 97 (national average = 100). This means the median salary of $33,390 in Idaho has the purchasing power of approximately $34,423 at the national average cost of living. Your dollar goes further in Idaho than in most states.
Minimum Wage in Idaho
The current minimum wage in Idaho is $7.25/hour, which equals approximately $15,080 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Idaho minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Idaho
St. Luke's Health
Micron Technology
Boise State University
Major Industries in Idaho
Technology
Agriculture
Manufacturing
Tax Rates in Idaho
See the full tax breakdown including income tax, sales tax, property tax, and more on our Idaho tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Idaho after federal and state taxes.