Housing costs in Spring Lake?
A typical home costs
$552,000, which is 63.3% more expensive than the national average of
$338,100 and 8.1% more expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Spring Lake 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 Spring Lake?
To live comfortably in Spring Lake, Utah, a minimum annual income of
$105,840 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Spring Lake?
The cost of living in Spring Lake, UT is quite reasonable. Housing costs are low compared to the national average, with the median home value coming in at around $170,000. Groceries and other necessities are also reasonably priced, making it easy for families to make ends meet on a budget. Additionally, utility costs are typically lower than the national average, helping keep monthly bills manageable. All things considered, Spring Lake has an affordable cost of living that makes it an attractive option for those who want to enjoy its many natural attractions while keeping their finances in check.