Basalt, ID
Population 511 · Idaho
About Basalt, ID
Basalt is a small community located in Idaho with a population of 511 residents according to the latest US Census Bureau American Community Survey data. The median household income is $75,375 per year, which is 0% above the national median of $75,149. The median age of 36.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Basalt features a median home value of $300,000, which is 22% above the national median of $244,900. This positions Basalt in a moderately priced market relative to the rest of the country. Median monthly rent is $1,025, 12% below the national average of $1,163/month. Of the 180 total housing units, 89% are owner-occupied (156 units) and 11% are renter-occupied (19 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Basalt shows an unemployment rate of 0.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Basalt have an average one-way commute time of 27.7 minutes.
Education & Demographics
11.8% of Basalt residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 14.5% White, 4.7% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 5.9% of the population being foreign-born.
How Basalt Ranks in Idaho
Cost of Living in Basalt, ID
Compared to national averages, Basalt has a median household income of $75,375 (0% above the national median of $75,149). Home values average $300,000, which is 22% above the national median. Monthly rent at $1,025 is 12% below the US average of $1,163. Within Idaho, Basalt's income is 16% above the state average of $65,190, and home values are 9% above the state median of $274,721.
Why Live in Basalt, ID?
Basalt offers a strong local economy with a median household income of $75,375, well above the national average, and rent that’s lower than the national average at $1,025/month, and a strong job market with an unemployment rate of just 0.4%. Additionally, the city features a low poverty rate of 1.8%, better than the national average.
Basalt has a population of 511 with a median age of 36.5 years. Compare Basalt with other cities to see how it stacks up, or explore all cities in Idaho.
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Demographics
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Basalt
What is the population of Basalt, ID?
The population of Basalt, ID is 511 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Idaho.
What is the median household income in Basalt?
The median household income in Basalt, ID is $75,375 per year, which is 0% above the national median of $75,149.
What is the median home value in Basalt?
The median home value in Basalt, ID is $300,000, which is 22% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Basalt?
The median monthly rent in Basalt, ID is $1,025, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Basalt?
The unemployment rate in Basalt, ID is 0.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Basalt, ID a good place to live?
Basalt offers above-average incomes, a competitive housing market, and a strong job market. With a population of 511 and a median age of 36.5, the city appeals to a broad range of residents.
How educated is Basalt, ID?
11.8% of residents in Basalt aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Basalt?
Key cost-of-living indicators for Basalt, ID: median home value is $300,000 (22% above national), median rent is $1,025/month, and median household income is $75,375. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Basalt?
The poverty rate in Basalt, ID is 1.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Basalt, ID?
Basalt's population is 14.5% White, 4.7% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 0.0% two or more races. 5.9% of residents are foreign-born.