Cost of Living in Meridian, ID
Population: 124,865 • 2026 Data
$98,686
Median Household Income
+28% vs national
$1,714
Median Monthly Rent
+27% vs national
$485,000
Median Home Value
+43% vs national
2.4%
Unemployment Rate
Housing in Meridian
The median home value in Meridian, ID is $485,000. Monthly rent for a typical unit averages $1,714, while total monthly housing costs (including utilities and insurance) average $1,607.
Rent-to-income ratio: 20.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Meridian, ID is $98,686. The unemployment rate stands at 2.4%, with a labor force of 66,317 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.