salaryRent is lower than in 50% of U.S. cities. A typical house costs about 3.1 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $65,880 a year. That is $32 an hour at a full-time job.
Is rent cheaper than other Idaho cities?
No. Rent here is more expensive than in most of Idaho. It is number 21 of 36 cities from cheapest to most expensive.
How much do households earn in Jerome?
Share of households by yearly income. 16.8% of households earn $100,000 or more.
Rent by apartment size in Jerome
| Size | Jerome | U.S. average |
|---|---|---|
| Studio | $424 | $1,338 |
| 1 bedroom | $761 | $1,324 |
| 2 bedrooms | $739 | $1,509 |
| 3 bedrooms | $1,171 | $1,698 |
| 4 bedrooms | $1,186 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Jerome overall?
Everyday prices in Idaho overall are 5% below the U.S. average (index 95.5, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Jerome, so the Idaho figure is shown.
Taxes and bills in Jerome
Life in Jerome
Is it cheaper to rent or buy in Jerome?
Buying is cheaper month to month: about $83 a month less than renting.
Owning assumes a typical $225,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,540 for the down payment.
Frequently asked questions
What is the average rent in Jerome, ID?
Renting in Jerome costs a median of about $1,647 a month in 2026, including utilities. The Idaho median is $1,565.
How much do I need to make to live in Jerome?
To keep rent under 30% of income, you need about $65,880 a year, or $32 an hour at a full-time job.
Is Jerome cheap or expensive?
Jerome is rated OK: rent takes 27.4% of the typical household income of $72,145. It ranks 21st cheapest of 36 Idaho cities we track.
How much are property taxes in Jerome?
The median homeowner in Jerome pays $1,531 a year in property taxes, about 0.68% of the median home value.
Is Jerome 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 Jerome?
The median home value in Jerome is $225,400, about 3.1 times the typical yearly household income.
12,930 people live in Jerome. Numbers are typical (middle) values.