Idaho Economy & Business Climate

Boise, ID and the surrounding areas boast a diverse economy, rich with opportunities in numerous sectors. Tourism, technology, natural resource development, health care and information services are just a few of the industry sectors that have been highly successful in Idaho over the past several years. Over the past decade, the Idaho economy and business climate has experienced consistent growth, growing at a rate that exceeds the national average.

The Boise-Nampa MSA (Ada, Boise, Canyon, Gem and Owyhee Counties) is home to more than 22,000 businesses and over a dozen corporate headquarters, four of which belong to Fortune 500 companies. Each of the cities supports and enhances the economic climate of its neighbors, resulting in a highly successful economy region that provides phenomenal opportunities.

Quick Stats & Demographics

Unemployment Rate - Idaho: 2.9%
Unemployment Rate - Boise: 2.3%

Top Five Hourly Wage Industries in Boise:
Electronics Engineers $30.06/hr
Registered Nurse: $22.05/hr
Zoologist & Wildlife Biologist: $21.40/hr
General Managers: $18.83/hr
Environmental Scientists: $19.99/hr

Average Annual Earnings by Industry:
Mining: $74,990
Health Care Pract. & Tech Occ.: $77,510
Computer Specialist: $56,705
Manufacturing: $49,392
Professional & Business Services: $42,484
Post Secondary School Teacher: $72,420 
Financial Activities: $41,604
Information: $40,959
Construction: $38,808
Government: $36,242
Educational & Health Services: $35,340
Trade, Utilities & Transportation: $31,670
Agriculture: $27,574
Other Services: $24,371
Leisure & Hospitality: $13,813

Crime Rate: Idaho was ranked the 5th safest state in 2019
Commute Time: 36 minutes, on average

Cost of Living:

Based on average housing costs, transportation, health care utilities, groceries and other services, Idaho has the 6th lowest cost of living among all states, checking in at an index of 89.6% (100 is considered average). Boise's cost of living index is 59.93%.

Population (as of 2018 census estimate):

Boise: 228,790
Nampa: 96,252 
Meridian: 106,804
Caldwell: 56,541
Eagle: 28,363 
Kuna: 20,746

Total MSA Population (2018): 730,426
Total Idaho Population (2018): 1,754,108

Find out more about the Boise-Nampa MSA with other sections of our Boise Relocation Guide!

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