Idaho, tucked away in the untamed splendor of the Pacific Northwest, evokes thoughts of immaculate scenery and a peaceful, outdoor-loving way of life. However, underneath its tranquil veneer is a reality of luxury and exclusivity in some areas.
Idaho’s most costly communities are a monument to the state’s economic diversity, from the posh streets of Eagle, where the median home value soars, to the quaint beauty of Star, with its quickly expanding community and escalating real estate expenses.
Only those with the means to pay the exorbitant entrance fee can enter these places, which are highly sought after for their natural attractions and high standard of living.
Discovering the reasons behind the high cost of living and contrasting these cities with more affordable places will be our discoveries as we investigate these pricey areas of the Gem State.
Meridian
With 119,872 residents, Meridian is home to a vibrant community tucked away within its borders. The cost of living index, which reflects a harmonious combination of affordability and quality, is 103, despite the city’s lively atmosphere.
With a median income of $93,296 for residents, the area is clearly experiencing economic growth and plenty of opportunity for prosperity.
This affluence is reflected in the property market, where a variety of options to fit different tastes and lifestyles are available, with the average home price sitting comfortably at $510,137.
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Hailey
With 9,238 people residing in the town of Hailey, the cost of living index is 103. With a typical income of $77,035, its residents have a steady economic foundation.
On the other hand, the average price of a property in the real estate market is greater, often coming in at $776,233. Hailey provides its citizens with a pleasant lifestyle despite the relatively expensive cost of living, which is bolstered by a vibrant community and a beautiful setting.
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Coeur d’Alene
Nestled in the northern region of Idaho, Coeur d’Alene is home to about 54,599 people. With a Cost of Living Index of 102, it provides a comfortable standard of living despite its low size. With a median income of $65,786, the community’s residents enjoy a respectable level of financial security.
Opportunities for housing can be found in Coeur d’Alene, where the average home price is $548,397, indicating that there may be a range of price points available.
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Hayden
With a population of 15,703, Hayden is a charming town that provides a pleasant lifestyle at 103 on the Cost of Living Index. With a typical income of $72,227, residents of this area enjoy stability in their finances and prospects for a happy life.
The town’s popularity is reflected in the real estate market, where the average home price is $573,102. For individuals looking for a fulfilling and well-balanced way of life, Hayden offers an enticing combination of economic prosperity and communal charm.
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Moscow
Moscow, home to 25,616 people, is a bustling metropolis where history is preserved and cultures collide. Its cost of living index, which is moderate at 100 even though it is a bustling metropolis, draws inhabitants who want affordability without losing amenities.
The balanced economic environment reflected in the $53,679 median income offers prospects for growth and subsistence. Moscow’s average home price in terms of real estate is $432,402, which suggests a steady housing market despite the vibrant atmosphere of the city.
To Conclude
Although Idaho is known for its inexpensive housing and stunning scenery, the state also has a surprisingly high level of luxury living. While they have beautiful scenery and a good standard of living, cities like Meridian and Hailey are also very expensive.
Idaho’s pricier regions appeal to individuals looking for a serene lifestyle that balances prosperity, whether they are lured to the picturesque village of Hayden or the economic potential of Meridian.
So, think about checking out these hidden jewels if you’re searching for an opulent retreat amid Idaho’s breathtaking scenery. Just make sure you have your wallet open.
