Housing costs in Utah?
A typical home costs
$510,600, which is 51.0% more expensive than the national average of
$338,100 and 0.0% less expensive than the average Utah home, at
$510,600. Renting a two-bedroom unit in Utah costs
$1,280 per month, which is 10.5% cheaper than the national average of
$1,430 and close to the state average of
$1,280.
Can I afford Utah?
To live comfortably in Utah, a minimum annual income of
$97,920 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Utah?
Utah State has a relatively low cost of living, compared to other states in the US. According to Sperling's Best Places Cost of Living Index, Utah has an index of 97.7, making it slightly cheaper than the national average of 100. Goods and services are typically more affordable in the state overall, with housing costs being notably lower than the rest of the country. Groceries and healthcare are also generally less expensive when compared to other states. On top of that, property taxes can be very low due to Utah's tax incentives for homeowners. All this combines to make Utah an attractive destination for people looking for a place to call home without breaking their bank accounts.