Housing costs in Lake Shore?
A typical home costs
$634,000, which is 87.5% more expensive than the national average of
$338,100 and 24.2% more expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Lake Shore costs
$1,220 per month, which is 14.7% cheaper than the national average of
$1,430 and 4.9% cheaper than the state average of
$1,280.
Can I afford Lake Shore?
To live comfortably in Lake Shore, Utah, a minimum annual income of
$121,320 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Lake Shore?
The cost of living in Lake Shore, UT is quite affordable. The median household income is around $65,000, which is slightly above the state average and lower than the national median. The housing market is very desirable with prices that are fairly inexpensive in comparison to other parts of the country. Additionally, utilities such as electricity and water tend to be more affordable than the average rate for a city this size. Groceries and other goods can also be found at relatively low costs, making Lake Shore an attractive place for those looking to live within their means.