Is $40K a Good Salary in Boise, ID?
Full budget breakdown for Boise on $40K/year — take-home after taxes, rent burden, what you can afford, and how it compares to the city median.
Monthly budget in Boise on $40K
US average equivalent
$38,000
Your $40K in Boise (COL: 105) buys the same as $38,000/yr in a city with average US cost of living.
vs Boise median
-35%
The median household income in Boise is $62,000/yr. You're earning 35% below that.
Cities where $40K goes further
These cities have a lower rent burden at $40K than Boise.
Other salary levels in Boise
Frequently asked questions
Is $40K a good salary in Boise?
$40K/year in Boise gives you approximately $2,535/month in take-home pay after federal and state taxes. With a median 1BR rent of $1,600/month, your rent burden is 63% of take-home — which is considered difficult. Boise is on the expensive side for this salary, ranking #125 out of 179 cities.
How much is $40K after taxes in Boise?
On $40K/year in Boise (ID), you take home approximately $2,535/month after federal income tax, 5.8% ID state income tax, and FICA. That is roughly $30,420/year net.
What is the cost of living in Boise on $40K?
Monthly estimated costs in Boise: rent $1,600, groceries ~$372, transportation ~$45, utilities ~$145, internet ~$60. Total estimated expenses: ~$2,222/month, leaving ~$313/month after essentials on a $40K salary.
Tax estimates use 2026 brackets · Rent data: Zillow Observed Rent Index · Budget figures are estimates for general guidance only