How Idaho’s Booming Economy is the New Hotspot for Californians!

According to a recent report by the Milken Institute, Boise and several small towns in the state are making waves in the economic landscape. The report evaluates 403 metropolitan areas across the United States, focusing on labor market performance, high-tech impact, and access to economic opportunities.

Boise ranks impressively in the category of Tier 1 Large Cities. As the largest city in Idaho, Boise offers an attractive mix of strong economic indicators and quality of life. Its economy is diverse, boasting robust technology, healthcare, agriculture, and manufacturing sectors. With a vibrant downtown area, a booming arts scene, and numerous outdoor recreational opportunities, Boise is a great place to work and live.

Meanwhile, four small towns in Idaho, namely Idaho Falls, Coeur d'Alene, Twin Falls, and Pocatello are among the top seven for economic performance in the small cities category. Idaho Falls stands out, with significant job growth, especially at the Idaho National Laboratory. While there is room for wage growth, the city shines in terms of its diverse economy and equitable income distribution.

Coeur d'Alene, Twin Falls, and Pocatello also demonstrate impressive economic indicators. These towns have shown substantial job and wage growth over the past five years. They boast burgeoning high-tech sectors and score high marks for resilience and income distribution. Moreover, they have significantly improved the percentage of households with broadband internet, a critical factor in today's digital economy.

These findings underscore Idaho's rising prominence on the national economic stage. With a blend of economic growth, technological development, and resilience, Boise and Idaho's smaller towns present promising models for post-pandemic economic success.

Idaho has significant potential for continued growth. The state's strong economy and attractive quality of life are drawing more people to move here. These incoming residents are eager to take advantage of Idaho's thriving job market, affordable housing, and abundant recreational opportunities.