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In Idaho, the median income is $46,470, but salaries across the state can differ greatly. In cities like Boise and Sweetwater, the cost of living is notably higher, which is reflected in median salaries reaching $64,065 in Boise, with 80% of salaries falling between $52,000 and $78,000.
However, in smaller cities or rural regions, such as Salmon or Cottonwood, the median salary tends to be lower, which can make a significant difference in employee expectations.
What is considered a 'good' salary can vary based on factors like location, lifestyle, and industry. A salary in the range of $50,000 to $70,000 is generally considered comfortable for a single person in Idaho. High-paying fields like healthcare and technology can offer salaries reaching up to $369,974 (e.g., pediatric anesthesiologists or directors of anesthesia), while more common roles such as teachers or administrative assistants typically earn around $40,000 to $50,000.
In Idaho, the cost of living is slightly below the national average, making it an affordable state for many residents. Housing expenses are about 7% lower than the national average, with growing demand in cities like Boise driving up costs but still remaining relatively affordable. Utility costs are close to the national average, with only a slight increase of around 2%. Transportation expenses, including gas prices, are about 3% higher than the national average, reflecting the state's reliance on personal vehicles and longer travel distances in rural areas.
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The average salary in Idaho is typically calculated by analyzing data from various sources, including state employment agencies, the U.S. Bureau of Labor Statistics (BLS), and other local job market reports. It takes into account the earnings of employees across all sectors, including full-time, part-time, and contract workers. Data is compiled to calculate the mean wage for a broad range of industries and job roles, giving a snapshot of the general salary landscape in the state.
Idaho's average salary tends to be lower than the national average. This is often due to the state's smaller population and economic structure, with many industries focused on agriculture, manufacturing, and outdoor recreation. However, salaries in Idaho can still be competitive within certain fields, particularly in the tech, healthcare, and skilled trade sectors. The state's cost of living, which is also lower than the national average, helps balance the disparity in wages.
Several factors influence salary variations across Idaho, including the specific industry, job role, level of experience, and geographic location. For example, salaries in urban areas like Boise are typically higher due to a greater demand for skilled professionals and a more competitive job market. Additionally, job roles in high-demand sectors, such as technology, healthcare, and finance, often command higher wages. Education, certifications, and the overall supply and demand for certain skills also play a significant role in salary differences.
The cost of living in Idaho is relatively lower than in many other states, particularly those on the coasts. Housing, utilities, and daily expenses tend to be more affordable, which means salaries in Idaho may stretch further compared to other regions. While wages might be lower than the national average, the cost of living adjustment often makes Idaho a more appealing place for individuals seeking a good quality of life without the financial strain seen in higher-cost states.
Idaho's fastest-growing industries include technology, healthcare, manufacturing, and tourism. The state has seen significant growth in its tech sector, especially in Boise, where tech startups and established companies are increasing in number. Healthcare is also expanding, driven by an aging population and the demand for medical professionals in both rural and urban areas. Additionally, the outdoor recreation and tourism industries contribute significantly to job creation, with Idaho being a popular destination for adventure seekers.
In Idaho, the most common employee benefits typically include health insurance, retirement plans (such as 401(k) or pension programs), paid time off (PTO), and sick leave. Many employers also offer flexible work schedules and professional development opportunities. Health benefits are a priority for employees, with various plans available depending on the employer. Additionally, some companies in Idaho, particularly in tech and corporate sectors, may provide perks like wellness programs, remote work options, and bonuses.
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