Idaho Falls ranked 10th cheapest city to live
Updated On: Jun 05 2013 07:44:20 PM CDT
2013 seems to be a pretty good year for Idaho Falls so far. After University of Vermont researched named it second-happiest city in the country, there's another title that can be added to the list.
Researchers at Kiplinger found that Idaho Falls is the 10th cheapest U.S. city to live in.
It might be a surprise to some that Idaho Falls is one of the cheapest places to live, but researchers said the numbers don't lie.
Cost of living including housing, groceries, utilities, transportation, and healthcare, is 12 percent below the national average.
"Housing right now is very affordable here," said Linda Martin, CEO of Grow Idaho Falls. "I think that's a way for us to get recognition that people can get a little more bang for their buck when they're buying a house."
Jessi Coletti and her family lived in Connecticut before moving to Idaho Falls and said cheaper housing was hard to pass up.
"Our rent there was almost as much as our mortgage here, and we had a little two-bedroom apartment," said Coletti.
The median home value in Idaho Falls is just shy of $148,000. In other U.S. cities, it sits right above $186,000.
As far as household income, Idaho Falls averages close to $46,000, while other cities bring in about $53,000 a year.
"Disposable personal income may not grow as fast, but I think that you get more for your dollar here as well," said Martin. "So it's kind of a relationship that overall is desirable."
This ranking gives the city something to be proud about -- but residents have mixed opinions.
"I just moved up here in November, and my experience has been that it's slave wage with California rent," said Jason Long of Idaho Falls.
"It's a great place for older people like me to retire, and the people here are very friendly," said Robert Woods of Idaho Falls.
Five of the 10 cheapest U.S. cities are in Texas and Arkansas; Idaho Falls is the only city in the Northwest to make the cut.
For the complete list, you can visit http://yhoo.it/14h09xT.
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