Cost of Living in Grace, ID
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
82.5
100 = national avg
-17.5 vs national average
Living Wage (1 Adult)
$36,291
per year
Living Wage (Family of 4)
$85,778
per year
Cost Index by Category
Housing53.5
Food103.0
Transportation86.1
Healthcare102.4
Utilities92.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$763
per month
2 Bedroom
$973
per month
The overall cost of living index in Grace is 82.5, which is 17.5% below the national average. Housing costs are below the national average at an index of 53.5. A single adult needs to earn approximately $36,291 per year to cover basic expenses.