Is $40K a Good Salary in Idaho Falls, ID?
Full budget breakdown for Idaho Falls on $40K/year — take-home after taxes, rent burden, what you can afford, and how it compares to the city median.
Monthly budget in Idaho Falls on $40K
US average equivalent
$46,000
Your $40K in Idaho Falls (COL: 87) buys the same as $46,000/yr in a city with average US cost of living.
vs Idaho Falls median
-29%
The median household income in Idaho Falls is $56,000/yr. You're earning 29% below that.
Cities where $40K goes further
These cities have a lower rent burden at $40K than Idaho Falls.
Other salary levels in Idaho Falls
Frequently asked questions
Is $40K a good salary in Idaho Falls?
$40K/year in Idaho Falls gives you approximately $2,535/month in take-home pay after federal and state taxes. With a median 1BR rent of $1,100/month, your rent burden is 43% of take-home — which is considered tight. Idaho Falls is one of the more affordable cities for this salary, ranking #39 out of 179 cities.
How much is $40K after taxes in Idaho Falls?
On $40K/year in Idaho Falls (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 Idaho Falls on $40K?
Monthly estimated costs in Idaho Falls: rent $1,100, groceries ~$365, transportation ~$35, utilities ~$142, internet ~$65. Total estimated expenses: ~$1,707/month, leaving ~$828/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