Gooding County, Idaho
Income Data
At a Glance
How Gooding County Compares
Detailed Income Statistics
Data Story
About Household Income in Gooding County, Idaho
Gooding County trails national income average
Gooding County's median household income of $62,395 falls $12,360 short of the national median of $74,755, representing 83% of the U.S. norm. This gap reflects Gooding's agricultural and resource-based economic foundation.
Below Idaho average but competitive statewide
Gooding County's $62,395 median trails Idaho's state average of $65,770 by $3,375. Per capita income of $29,647 underperforms the state average of $32,503, suggesting income concentration in fewer households.
Middle-tier earner among regional counties
Gooding County ($62,395) outpaces Clark, Clearwater, and Custer counties but trails Franklin, Fremont, and Gem. Elmore County ($58,976) falls slightly below Gooding, rounding out the middle tier of this regional group.
Housing costs remain manageable overall
Gooding County's rent-to-income ratio of 16.5% sits well within the healthy 17% benchmark, allowing households to balance housing costs with other expenses. A median home value of $231,800 remains accessible given median household earnings.
Steady wealth building with disciplined saving
Gooding County residents benefit from manageable housing costs at 16.5% of income, freeing capital for systematic investment. Setting up automatic transfers to index funds or employer retirement plans can build substantial wealth even with moderate income growth.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Gooding County median
County median: $62,395 per year
vs. County Median
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($5,200) vs. median rent ($859/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.