Basalt, ID Profile: Facts & Data

The primary coordinate point for Basalt is located at latitude 43.3155 and longitude -112.1644 in Bingham County. The formal boundaries for the City of Basalt encompass a land area of 0.29 sq. miles and a water area of 0 sq. miles. Bingham County is in the Mountain time zone (GMT -7).

The City of Basalt has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Idaho is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Basalt is located within Firth Division of Bingham County.

Basalt, ID Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	376 (100%)
Population in Households	376 (100.0%)
Population in Families	328 (87.2%)
Population in Group Quarters¹	0
Population Density	1,285
Diversity Index²	49


INCOME
Median Household Income	$60,699
Average Household Income	$69,039
% of Income for Mortgage⁴	41%
Per Capita Income	$27,175
Wealth Index⁵	44
Socioeconomic Status Index⁶	Moderate (54.9)

HOUSING
Total HU (Housing Units)	155 (100%)
Owner Occupied HU	117 (75.5%)
Renter Occupied HU	31 (20.0%)
Vacant Housing Units	7 ( 4.5%)
Median Home Value	$394,444
Average Home Value	$405,342
Housing Affordability Index³	63

HOUSEHOLDS
Total Households	148
Average Household Size	2.54
Family Households	109
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Basalt, ID - Peer Comparisons by Rank and Percentile

The table below compares Basalt to the other 236 incorporated cities, towns and CDPs in Idaho by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.23%	0.89%
Households	1.83%	1.19%
Families		2.11%
Median Household Income		1.34%
Per Capita Income		3.54%
Owner Occupied HU		1.01%

Variable Description	Rank	Percentile
Total Population	# 159	33rd
Population Density	# 86	64th
Median Household Income	# 150	37th
Housing Affordability Index	# 89	38th
Per Capita Income	# 183	23rd
Diversity Index	# 73	69th

Basalt, ID Profile: Facts & Data

Basalt, Idaho - Basic Facts

Basalt, ID Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Basalt, ID - Peer Comparisons by Rank and Percentile

Basalt, ID - Most Popular Things to Do

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