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        Vol III          Issue 24                      June 24, 2008

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Below Average Cost-of-Living

Average Cost-of-Living

Above Average Cost-of-Living

International Retirement Spots

 

 

Real Estate for Retirement

 

 

Active Adult Living

 

 

Master Planned Retirement Development

 

 

 

 

Tucked Away in Rural, Northwestern Idaho, Moscow Charms with its Mellow Way of Life and Beautiful Surroundings

Cost of Living:  Meets the National Average

Up in rural northwestern Idaho, along the Idaho/Washington border and about 90 minutes southeast of Spokane, sits the very laid back town of Moscow, Idaho (population 22,000), home to the University of Idaho and a mellow way-of-life where bicycles are prevalent, the food co-op is a hoppin' place and locally owned coffeeshops have a steady following.   Moscow is a rather youthful spot (14% of the population is age 45 to 64, and 8% is age 65 or better) and has an educated citizenry, thanks primarily to the University (11,000 students).  It also has an appealing, if somewhat hippy-ish,'60s feeling, something many baby boomers can appreciate.
Moscow, Idaho Real Estate

 

 

Moscow's cost-of-living (utilities, food, etc.) is about 5% below the national average, but the average single-family home price is $255,000, so overall, the cost of living is about average when compared to the rest of the country.  Everything from cute bungalows to rambling ranch-style homes to country dwellings are available for sale, and these days many newer, energy-efficient homes are popping up.  Town homes and condominiums are not plentiful, but the ones that are for sale start in the mid-$100,000s.  Manufactured homes and mobile home parks can be found in and around the outskirts of town; prices start under $35,000.

 

Idaho has a homeowner's exemption for owner-occupied homes, including manufactured homes, which are primary dwellings.  This exempts 50% or $100,938, whichever is less, of the value of a home and up to an acre of land.  Taxes are computed at 1.67% on the remaining value.  The annual property taxes on a $250,000 home would be $2,489.    Further tax breaks for those 65 and above may apply, depending on income.  The sales tax rate is 5%.  Social Security is not taxed.

 Moscow, 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.

Moscow is located in a truly beautiful farming region, characterized by miles and miles of treeless, rolling hills, known as The Palouse.  Reminiscent of Tuscany, Italy, some hills to the east are very steep (and have cows on top of them) while others roll like ocean waves and stretch as far as the eye can see.  In the evenings when the sun begins to fade, the light turns the hills to magical shades of blue, purple, yellow and orange and transforms pasturelands into carpets of emerald green.  It is kind of amazing that more people do not know about this captivating region; it is still wide open, unspoiled and a beautiful place to call home.

Moscow, Idaho, Continued...


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