Idaho has been identified as the best state to settle down in the United States, according to a recent analysis by WalletHub. The financial planning app and website ranked the state highly for its affordability, low crime rates, family-oriented communities, and access to outdoor recreation. Idaho received an overall score of 60.15, with particularly strong rankings in affordability (10th), economy (7th), and safety (3rd).
WalletHub's report noted Idaho's low median real estate tax rates and high homeownership rate. The state also boasts low tax rates overall, robust median household income growth, short commute times, and low rates of both violent and property crime. US News and World Report also places Idaho third in public safety, with 231 violent criminal offenders per 100,000 residents, below the national average.
Jeff Martel, a real estate broker with Better Homes & Gardens who relocated to Idaho from the San Francisco Bay Area over two decades ago, described the state's lifestyle as "unmatched." He highlighted the significant difference in wealth presentation compared to West Coast metropolitan areas, stating that in Idaho, "You wouldn't know who has money and who doesn't. Everyone's just doing well." Martel also pointed to Boise's cleanliness and safety as major attractions for visitors from larger cities.
Influx of New Residents
The influx of new residents to Idaho is often attributed to economic and political factors, with many relocating from states like California and Washington. Martel characterized these movers as "either political or economic refugees." Data from Redfin indicates that top outbound cities to Idaho include New York, Seattle, Los Angeles, and San Francisco. The migration from Washington, in particular, has been linked to the rising cost of living and changing tax structures in the Seattle area.
Idaho is known for its conservative political climate, with Republicans holding a trifecta in the state government. This political environment, coupled with a focus on regulation and family values, attracts like-minded individuals, according to Martel. The state's appeal is further amplified by its access to natural landscapes, including opportunities for skiing and white-water rafting.
Last year, Idaho ranked second in the nation for population growth rate, according to estimates from the U.S. Census Bureau. WalletHub’s top five states to live in also included New Jersey, Wisconsin, Massachusetts, and New Hampshire. Conversely, Arkansas, Alaska, Mississippi, Louisiana, and New Mexico ranked lowest.