Housing costs in Washington Terrace?
A typical home costs
$357,000, which is 5.6% more expensive than the national average of
$338,100 and 30.1% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Washington Terrace costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and 14.3% cheaper than the state average of
$1,280.
Can I afford Washington Terrace?
To live comfortably in Washington Terrace, Utah, a minimum annual income of
$68,400 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Washington Terrace?
Washington Terrace, UT has a surprisingly low cost of living. According to the most recent estimates, living expenses in the city are nearly 12% below the national average. This can be attributed to low housing costs and relatively low taxes. The median home value is just over $175,000 and tax rates are among the lowest in Utah. Furthermore, utilities tend to be more affordable than in larger cities. All of this adds up to make Washington Terrace a great place for budget-conscious families or individuals.