Cost of Living in Wallace, ID
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.5
100 = national avg
-13.5 vs national average
Living Wage (1 Adult)
$38,080
per year
Living Wage (Family of 4)
$90,006
per year
Cost Index by Category
Housing91.0
Food88.6
Transportation77.2
Healthcare90.9
Utilities91.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$860
per month
2 Bedroom
$1,128
per month
The overall cost of living index in Wallace is 86.5, which is 13.5% below the national average. Housing costs are below the national average at an index of 91.0. A single adult needs to earn approximately $38,080 per year to cover basic expenses.