Idaho
What Idaho Can Do
There are many policies that Idaho could enact to improve its climate for asset building and preservation:
Boost Income and Asset Building: To eliminate gender disparities in net worth and asset poverty, Idaho should adopt a state Earned Income Tax Credit to supplement the earnings of low-income workers and fund Individual Development Account programs to encourage savings and asset building.
Promote Education: To improve educational outcomes and reduce college attainment gaps, Idaho should increase funding to schools, especially in high-poverty areas, and match savings for college in 529 accounts to make postsecondary education more affordable.
Increase Access to Health Care: To reduce the number of uninsured individuals in Idaho, especially low-income children and parents, the state should increase its income eligibility threshold for public health care programs.
Overall Grade: C
Select a tab to see how your state fared in each issue area or a measure to see the definition, source and complete data.
- Financial Assets
& Income
- Businesses
& Jobs
- Housing
& Homeownership
- Health Care
- Education
- Community Investment &
Accountability Policies
Are there widespread opportunities for wealth creation and protection, particularly for low-income residents?
Outcome Rankings |
Issue Area Grade: D |
Outcome Measure |
Rank |
State Data |
US Data |
| Net Worth |
31 |
$66,630 |
$88,803 |
| Net Worth by Race |
n/a |
n/a |
6.1^ |
| Net Worth by Income |
n/a |
n/a |
44.9^ |
| Net Worth by Gender |
36 |
1.8^ |
1.2^ |
| Asset Poverty Rate |
3 |
15.4% |
22.5% |
| Asset Poverty by Race |
n/a |
n/a |
2.3^ |
| Asset Poverty by Gender |
40 |
2.9^ |
1.2^ |
| Extreme Asset Poverty Rate |
6 |
9.5% |
14.3% |
| Income Poverty Rate |
24 |
11.5% |
12.3% |
| Unbanked Households |
26 |
24.3% |
26.8% |
Bankruptcy Rate
(per 1,000 people) |
33 |
2.5 |
2.7 |
| Median Credit Card Debt |
39 |
$3,146 |
$2,960 |
| Median Installment Debt |
35 |
$15,378 |
$14,887 |
^ This is a ratio of disparity that measures the difference in outcomes between two populations by: race (white and minority), income (high and low income groups), or gender (male and female). A ratio of 1 indicates perfect equality; the higher the ratio, the greater the inequality. |
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Is the opportunity to grow a business or get a job that pays a sufficient wage with benefits available to all those who choose to pursue it?
Outcome Rankings |
Issue Area Grade: C |
Outcome Measure |
Rank |
State Data |
US Data |
| Small Business Ownership Rate |
8 |
19.9% |
17.7% |
| Private Loans to Small Business |
1 |
$2,812 |
$2,116 |
| Microenterprise Ownership Rate |
8 |
18.3% |
16.5% |
| Women's Business Ownership Rate |
25 |
4.3% |
4.4% |
| Minority Business Ownership Rate |
27 |
3.6% |
4.9% |
| Women Owned Business Value |
43 |
$111,574 |
$144,969 |
| Minority Owned Business Value |
26 |
$164,913 |
$162,824 |
Employee Ownership
(per 1,000 firms) |
28 |
1.3 |
1.4 |
Business Creation Rate
(per 1,000 workers) |
2 |
15.2 |
9.6 |
| Employment Growth |
45 |
-1.1% |
-0.5% |
| Annual Unemployment Rate |
20 |
4.9% |
5.8% |
| Low-Wage Jobs |
37 |
27.3% |
22.2% |
| Average Annual Pay |
40 |
$35,422 |
$44,458 |
| Retirement Plan Participation |
27 |
49.7% |
47.4% |
| Employers Offering Health Insurance |
47 |
44.6% |
55.8% |
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Is the opportunity to purchase and maintain a home available to all those who choose to pursue it?
Is there broad access to health insurance as protection against income interruption and asset depletion from medical bills?
Do residents have access to the education and training they need to get ahead?
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