Cost of Living in Twin Falls, ID
Updated November 2026 · Twin Falls County · Twin Falls, ID metro area · population 54,164
Prices in Twin Falls are 6.4% below the US average (local index 93.6; the BEA index for the Twin Falls, ID (Metropolitan Statistical Area) * metro area is 92.1), with utilities the biggest saving at 70.0; a single adult's modelled budget is about $2,202 a month and the median rent is $1,082.
Prices by category
CostLiving local estimate. 100 = US average; 110 means prices are 10% higher. Housing reflects Twin Falls's own median rent compared with the area's average rent; goods, utilities and other services are BEA's official price parities for the Twin Falls, ID (Metropolitan Statistical Area) * metro area, unchanged.
Twin Falls price index by category, US average = 100: All items 93.6, Housing (rents) 75.4, Goods 96.2, Utilities 70.0, Other services 99.0
It is the 8th most expensive of the 9 Idaho cities in our data. Cheaper than 79% of the cities we cover.
| BEA index | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| All items | 90.3 | 88.0 | 89.7 | 90.9 | 89.4 | 92.1 |
Monthly budget by household type
1 adult · 1-bedroom · modelled estimate for Twin Falls, ID
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $631 | $7,572 | 29% |
| Utilities | $190 | $2,280 | 9% |
| Food at home | $271 | $3,252 | 12% |
| Transportation | $600 | $7,200 | 27% |
| Health care | $348 | $4,176 | 16% |
| Clothing, personal care & supplies | $162 | $1,944 | 7% |
| Total | $2,202 | $26,424 | 100% |
2 adults · 2-bedroom · modelled estimate for Twin Falls, ID
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $898 | $10,776 | 23% |
| Utilities | $302 | $3,624 | 8% |
| Food at home | $501 | $6,012 | 13% |
| Transportation | $1,187 | $14,244 | 31% |
| Health care | $645 | $7,740 | 17% |
| Clothing, personal care & supplies | $319 | $3,828 | 8% |
| Total | $3,852 | $46,224 | 100% |
2 adults + 2 children · 3-bedroom · modelled estimate for Twin Falls, ID
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,220 | $14,640 | 25% |
| Utilities | $367 | $4,404 | 7% |
| Food at home | $714 | $8,568 | 15% |
| Transportation | $1,581 | $18,972 | 32% |
| Health care | $601 | $7,212 | 12% |
| Clothing, personal care & supplies | $411 | $4,932 | 8% |
| Total | $4,894 | $58,728 | 100% |
Modelled estimate of basic costs, excluding taxes, child care and savings. Housing is rent excluding tenant-paid utilities (counted under utilities). See how the budget is calculated.
Housing costs in Twin Falls
Rent by number of bedrooms
| Size | Median rent |
|---|---|
| Studio | $756 |
| 1 bedroom | $733 |
| 2 bedrooms | $1,043 |
| 3 bedrooms | $1,416 |
| 4 bedrooms | $1,601 |
Median rent: Census ACS 2020-2024 median gross rent by bedrooms (rent plus tenant-paid utilities, all renters).
Rent, home values and affordability
| Measure | Value |
|---|---|
| Median gross rent | $1,082 |
| Median contract rent (excl. utilities) | $932 |
| Median home value | $321,300 |
| Owner costs with a mortgage | $1,493/mo |
| Median household income | $61,205 |
| Rent as % of renter income Expensive | 31.3% |
| Home value ÷ household income Expensive | 5.2× |
Census ACS 5-year 2020-2024.
Electricity and gas prices
Residential electricity in Idaho
13.37¢ per kWh, August 2026
12-month change: +10.7% (from 12.08¢) · US 18.16¢
Average household uses 906 kWh a month in Idaho ≈ $116/month. Source: EIA-861M (statewide average).
Regular gasoline regional figure: Rocky Mountain (PADD 4)
$4.21 per gallon, week of 2026-11-02
12-month change: +43.4% (from $2.94) · US $4.15
EIA weekly retail price survey; Idaho is covered by the Rocky Mountain (PADD 4) average.
Inflation in the West
Consumer prices in the West Census region rose +3.4% in the 12 months to September 2026 (US +3.7%). Nationally, food at home changed +1.8%, shelter +3.2% and energy +20.4%. Source: BLS CPI-U, not seasonally adjusted. CPI is published for regions and large metro areas, so the regional figure is shown.
Salary equivalent
Because prices in Twin Falls are 6.4% below the US average, $60,000 here has the buying power of about $64,100 in an average-priced US area.
Formula: US-equivalent = salary × 100 ÷ 93.6. Based on the local cost index (CostLiving estimate from BEA RPP and Census rents); taxes not included.
Cities with a similar cost of living
| City | Index | Budget (single) | Median rent |
|---|---|---|---|
| Scranton, PA | 93.6 | $2,336 | $1,048 |
| Greensboro, NC | 93.6 | $2,522 | $1,172 |
| Provo, UT | 93.5 | $2,527 | $1,193 |
| Savannah, GA | 93.7 | $2,605 | $1,382 |
| New Orleans, LA | 93.5 | $2,442 | $1,251 |
| Knoxville, TN | 93.5 | $2,415 | $1,191 |
Compare Twin Falls with another city
Frequently asked questions
Is Twin Falls, ID an expensive place to live?
Twin Falls has a local cost of living index of 93.6, which is 6.4% below the US average. This CostLiving estimate starts from the BEA Regional Price Parities 2024 for the Twin Falls, ID (Metropolitan Statistical Area) * metro area (92.1) and adjusts housing to Twin Falls's own rents. It is 1.9 points below the Idaho average. It is the 8th most expensive of the 9 Idaho cities in our data. Cheaper than 79% of the cities we cover.
How much money do you need to live in Twin Falls?
Our modelled estimate of basic monthly costs is $2,202 for a single adult, $3,852 for a couple and $4,894 for a family of four, before taxes, child care and savings. A $60,000 salary in an average-priced US area buys about the same as $56,200 in Twin Falls.
What is the average rent in Twin Falls?
The median gross rent (rent plus tenant-paid utilities) is $1,082 a month (Census ACS 2020-2024). By size: 1 bedroom $733, 2 bedrooms $1,043, 3 bedrooms $1,416. The typical renter spends 31.3% of household income on rent (expensive).
How much does a house cost in Twin Falls?
The median owner-estimated home value is $321,300, 5.2 times the median household income of $61,205 (expensive). Owners with a mortgage pay a median $1,493 a month in housing costs.
How much is electricity and gas in Twin Falls?
Idaho residential electricity averaged 13.37¢ per kWh in August 2026 (US 18.16¢). Regular gasoline was $4.21 a gallon (Rocky Mountain (PADD 4) average, week of 2026-11-02).
Sources and notes
- Local cost index: CostLiving estimate from BEA Regional Price Parities 2024 for the Twin Falls, ID (Metropolitan Statistical Area) * metropolitan statistical area (BEA index 92.1) with housing from Census ACS median rent (city figure); see the methodology.
- Rents, home values, income, population: U.S. Census Bureau ACS 5-year 2020-2024, Census place 1682810 (Twin Falls city).
- Electricity: EIA-861M, Idaho residential average, August 2026.
- Gasoline: EIA weekly retail regular gasoline, Rocky Mountain (PADD 4), week of 2026-11-02.
- Inflation: BLS CPI-U West region, September 2026.
- Budget baselines: BLS Consumer Expenditure Survey 2025; electricity use by household size: EIA RECS 2020.
- Gasoline price: regional figure (EIA publishes weekly prices for only 9 states).
Labels such as “county figure” or “state nonmetro figure” mark values that come from a larger area because the city-level figure is unavailable or unreliable. The monthly budget is a modelled estimate, not observed spending, and excludes taxes. This page is for general information and is not financial advice. Methodology · All sources