Housing costs in Farmington?
A typical home costs
$627,200, which is 85.5% more expensive than the national average of
$338,100 and 22.8% more expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Farmington costs
$1,480 per month, which is 3.5% more than the national average of
$1,430 and 13.5% more than the state average of
$1,280.
Can I afford Farmington?
To live comfortably in Farmington, Utah, a minimum annual income of
$120,240 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Farmington?
The cost of living in Farmington, UT is relatively low compared to other cities in the United States. The median home price is $272,500 and the median rent for a two bedroom apartment is $1095 per month. Utilities are also affordable with an average monthly bill of around $105. Other necessary expenses such as gas, groceries, and health care are all available at reasonable prices. Furthermore, the city has a low unemployment rate and many job opportunities within a variety of industries which help to keep the cost of living down even further. All in all, Farmington, UT offers an amazing quality of life at a very reasonable cost.