Housing costs in Elk Ridge?
A typical home costs
$657,300, which is 94.4% more expensive than the national average of
$338,100 and 28.7% more expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Elk Ridge costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and 13.3% cheaper than the state average of
$1,280.
Can I afford Elk Ridge?
To live comfortably in Elk Ridge, Utah, a minimum annual income of
$126,000 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Elk Ridge?
The cost of living in Elk Ridge, UT is quite reasonable. According to BestPlaces, the cost of living index for Elk Ridge is 78.73 which is lower than the US national average of 100. This makes it an attractive place to live for those looking for affordability. Housing costs are especially low in comparison to many other cities, making it a great option for those looking to save money on rent and still have access to all the amenities that come with living in a city. Additionally, utility costs are also relatively low due to the region’s natural abundance of resources. All these factors make Elk Ridge an ideal location for those looking for a high quality of life within an affordable budget.