Idaho variant. This is a Idaho-specific version of the Workers Comp Cost Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Workers Comp Cost Estimator.
Workers' compensation premiums in Idaho are priced per $100 of payroll, by job classification. On a $74,636 salary at an illustrative $1.00 rate, the annual premium is about $746.
How Idaho workers' comp is priced
Premium = (payroll ÷ 100) × class rate × experience modifier. Clerical roles carry low rates; construction and trucking carry much higher ones.
Idaho sets its own rules and rates. The calculator above lets you enter your real payroll, class rate, and mod factor for an accurate Idaho estimate.
About taxes and housing in Idaho
Idaho applies a single flat income tax rate to taxable income.
Idaho has relatively low property taxes and offers a homeowner's exemption that reduces the taxable value of an owner-occupied home.
Idaho's economy is fueled by agriculture, technology, and one of the fastest population growth rates in the country.
Worked example: $74,636 payroll
($74,636 ÷ 100) × $1.00 = $746/year at a sample clerical rate. A construction class rate of $8.00 would make it $5,971.
Quick reference
- State income tax: Flat 5.695% as of 2024
- State sales tax: 6% (plus 0.03% avg local)
- Median home value: $460,000
- Median household income: $74,636
- Effective property tax rate: 0.55%
- Avg auto insurance: $1,094/yr
Frequently Asked Questions
How is workers' comp calculated in Idaho?
By payroll ÷ 100 × class rate × experience modifier, using Idaho's approved rates.
Is workers' comp required in Idaho?
Most Idaho employers must carry coverage once they have employees; rules vary by industry and headcount.