Quick facts: Boise, ID

Quick Facts

101.3
Cost of Living
above US average
236,634
Population
14.66
Crime Rate per 1000
below US average
$76,402
Median Income
below US average
$699,500
Median House Price
above US average
$2375.92
Average Rent
above US average
10%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $76,402.

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Income Needed to Buy

βœ— Stretch
$219k/year
Based on $699,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $219k vs median $76,402
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Income Needed to Rent

⚠ Stretch
$102k/year
Based on $2375.92/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $102k vs median $76,402
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Boise, ID

Boise, the capital city of Idaho, is situated in the southwestern part of the state along the Boise River. Known for its vibrant culture and outdoor recreational opportunities, Boise has a population of approximately 240,000 residents. The city is characterized by a mix of urban amenities and natural beauty, making it a desirable place to live and visit. Boise boasts a burgeoning arts scene, with venues such as the Boise Art Museum and various galleries scattered throughout the downtown area. The city is also home to a number of breweries, restaurants, and shops, contributing to its dynamic atmosphere. Outdoor enthusiasts will appreciate the nearby foothills, offering hiking and biking trails, as well as the expansive Boise Greenbelt, a scenic path and park system along the river. Education is a significant aspect of Boise, with institutions such as Boise State University anchoring the community. The city enjoys a semi-arid climate with four distinct seasons, allowing for a range of seasonal activities. With its friendly residents and a strong sense of community, Boise continues to grow as a hub for culture, innovation, and outdoor adventure.

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