Housing costs in Hanksville?
A typical home costs
$214,900, which is 36.4% less expensive than the national average of
$338,100 and 57.9% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Hanksville costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 52.4% cheaper than the state average of
$1,280.
Can I afford Hanksville?
To live comfortably in Hanksville, Utah, a minimum annual income of
$41,040 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Hanksville?
The cost of living in Hanksville, UT is quite low with an index of 87.6, which is 13.4% lower than the national average. This is mainly due to a lack of commercial development, with retail establishments primarily serving local needs and goods being sourced from nearby towns or online retailers. Housing costs are also relatively low, with the median home value hovering around $105,000, making it easy to find affordable housing options in the area. The overall cost of groceries and other necessities tend to remain competitively priced as well, although residents may need to factor in more travel time if they choose to purchase items outside of town limits.