Quick facts: Meridian, ID

Quick Facts

110.3
Cost of Living
above US average
129,736
Population
7.88
Crime Rate per 1000
below US average
$93,296
Median Income
above US average
$539,990
Median House Price
above US average
$18176.78
Average Rent
above US average
7%
Poverty Rate
below US average
3.4%
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 $93,296.

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Income Needed to Buy

βœ— Stretch
$169k/year
Based on $539,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $169k vs median $93,296
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Income Needed to Rent

⚠ Stretch
$779k/year
Based on $18176.78/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $779k vs median $93,296
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Meridian, ID

Meridian, Idaho, is a rapidly growing city located just west of the state capital, Boise. With a population exceeding 100,000, it is the third-largest city in Idaho. Known for its family-friendly atmosphere, Meridian boasts a mix of suburban living and easy access to urban amenities. The city is characterized by its beautiful parks, such as Settlers Park and Julius M. Kleiner Memorial Park, offering outdoor recreation and community events throughout the year. Meridian features a vibrant downtown area filled with shops, restaurants, and cultural attractions. The local economy is thriving, with a mix of retail, technology, and healthcare sectors, providing various employment opportunities. The city's educational system is well-regarded, with several public and private schools, as well as proximity to higher education institutions in Boise. Community engagement is a hallmark of Meridian, with numerous festivals, farmers' markets, and recreational leagues. Its location in the scenic Treasure Valley offers residents access to outdoor activities like hiking, biking, and skiing in nearby mountainous areas, making it an attractive place for families and outdoor enthusiasts alike.

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