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Home                       Vol  IV   Issue 10         March 10, 2009                      Previous Issues

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Scenic Coeur d'Alene, Idaho Boasts Small Town Ambiance, Rugged Landscape, Healthy Living and High Quality of Life

Cost of Living:  Above the National Average

 

Active Retirement

 

 

Real Estate for Retirement

 

 

Active Adult 55+

 

 

Master Planned Communities

 

 

 

Picturesque Coeur d'Alene (pronounced Core-da-lane) is home to 40,000 people and is nestled along sparkling Lake Coeur d'Alene (one of the largest freshwater lakes in North America) in the beautiful and rugged northwest corner of Idaho's panhandle.  Founded as a trading post in the late 1800s, the area's untamed wilderness drew fur trappers, miners and explorers, and today it beckons to those seeking an active, outdoorsy retirement in a rugged setting.  Of Coeur d'Alene's population, 21% is age 45 to 64, and 15% is age 65 and above.

 

Surrounded by mountains and seemingly endless forests (and with more than 60 lakes within 60 miles), this pretty town has a cozy feeling and is home to an emerging arts colony.   Where vacant spaces and watercraft rental shops once dominated the downtown, colorfully painted moose, public art and statues now exist.  Thanks to its somewhat remote location and beautiful scenery, the cost of living is high, roughly 10% above the national average, but the quality of life seems worth the price.   The median home price is $225,000, but there appears to a good supply of modest homes in the mid- to high-$100,000s as well as a good selection of upscale homes with prices starting in the $300,000s and reaching into the millions. 

 

Nestled in the pines on the outskirts of town are several manufactured home communities, two of which are Northwood Estates and Oak Crest Mobile Home Park; prices start at $35,000 and can reach $110,000.   Apartments are not in abundance but average about $650 per month for a one bedroom unit and $800 per month for a two bedroom unit.   And just outside of Coeur d'Alene in the town of Rathdrum is the retirement community of Golden Spikes Estates (article from 2006).

 

Coeur d'Alene, Idaho


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 This is an interactive map.  Click on the arrows in the upper left hand corner to move the map to the East, West, North or South, and click on the +/- signs to zoom in and out.

Real estate is assessed at its full market value, and the average property tax rate is 1.18%.    A homeowner's primary residence is eligible for an exemption of 50% of the assessed value of the home, up to a maximum of $104,471 (2009).  Qualified homeowners, those who own and occupy their homes, meet certain income requirements and are at least 65, may be eligible for the circuit breaker program, which may reduce property taxes by as much as $1,320.  There is no intangible personal property tax, and Social Security is exempt from state income taxes.  Taxpayers may also receive a partial tax exemption for civil service and military retirement income received after age 65 (62 if disabled).   Out-of-state government pensions are fully taxed.

Coeur d'Alene, Idaho, Continued...


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