States › Idaho › Hailey

Is Hailey, ID expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,54812% lower than U.S. average
💵 Families earn per year (2026)$97,885about $8,157/month · 12% higher than U.S. average
🔑 House price$637,80092% higher than U.S. average

Rent is lower than in 55% of U.S. cities. A typical house costs about 6.5 years of household income, so buying is hard for most locals. Commutes are short, about 18.9 minutes.

How much money do I need?

To rent here comfortably, you should earn about $61,920 a year. That is $30 an hour at a full-time job.

Is rent cheaper than other Idaho cities?

Yes. Rent here is cheaper than in most of Idaho. It is number 18 of 36 cities from cheapest to most expensive.

Hailey
$1,548
Sandpoint
$1,571
Middleton
$1,216
Rathdrum
$1,547
Payette
$887
Emmett
$1,279
Burley
$1,239

How much do households earn in Hailey?

Under $25k
8.0%
$25k–50k
27.2%
$50k–100k
27.6%
$100k–150k
26.5%
$150k+
11.1%

Share of households by yearly income. 37.6% of households earn $100,000 or more.

Rent by apartment size in Hailey

SizeHaileyU.S. average
2 bedrooms$1,596$1,509
3 bedrooms$1,683$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Hailey overall?

Everyday prices in Idaho overall are 5% below the U.S. average (index 95.5, U.S. = 100).

Housing
90
Goods (food, clothes…)
96
Utilities
70
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hailey, so the Idaho figure is shown.

Taxes and bills in Hailey

🏛️ Property tax$1,876a year · 0.29% of home value · U.S. $3,119
⚡ Electric bill$109a month (typical) · U.S. $156

Life in Hailey

Commute to work18.9 minU.S.: 26.4 min
College degree39%U.S.: 35.7%
Own their home71%U.S.: 65.2%
Below poverty line7.4%U.S.: 12.5%
Unemployment2.3%U.S.: 5.2%

Is it cheaper to rent or buy in Hailey?

Renting is cheaper right now: about $2,877 a month less.

Renting
$1,548
Owning
$4,425

Owning assumes a typical $637,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $63,780 for the down payment.

Frequently asked questions

What is the average rent in Hailey, ID?

Renting in Hailey costs a median of about $1,548 a month in 2026, including utilities. The Idaho median is $1,565.

How much do I need to make to live in Hailey?

To keep rent under 30% of income, you need about $61,920 a year, or $30 an hour at a full-time job.

Is Hailey cheap or expensive?

Hailey is rated Cheap: rent takes 19.0% of the typical household income of $97,885. It ranks 18th cheapest of 36 Idaho cities we track.

How much are property taxes in Hailey?

The median homeowner in Hailey pays $1,876 a year in property taxes, about 0.29% of the median home value.

Is Hailey more expensive than the national average?

Overall prices in Idaho are 5% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Hailey?

The median home value in Hailey is $637,800, about 6.5 times the typical yearly household income.

9,665 people live in Hailey. Numbers are typical (middle) values.