What’s the cost of living in Utah?

1 min readLast updated June 27, 2023by Rachel Carey

Wondering about the cost of living in Utah? This article summarizes everything you need to know, from tax rates to healthcare costs.

When considering a move to a new state, understanding the cost of living is vital for effective budgeting and financial planning. If you’re planning a move to Utah, here are some current statistics related to the cost of living in the state that could help you make up your mind.    

The average cost of living in Utah 

Utah is home to over 3.3 million people. 

According to 2021 data from the Bureau of Economic Analysis, the average cost of living in the state is $43,653. 

While according to data gathered in 2022 from MERIC, the Missouri Economic Research and Information Center, the state ranks 29th in a list of states with the lowest to the highest cost of living. 

Housing costs in Utah 

As of March 2023, the average home value in Utah is estimated to be around $506,072, according to the Zillow Home Value Index as of March 2023.  

It’s important to note that housing prices can significantly differ across various regions within the state. Here are some examples of typical home prices based on Zillow's data: 

CityAverage Home Value
Salt Lake City $537,080
West Valley City $441,740
Provo $452,797
West Jordan $523,600
Orem $476,846

The average price of rental apartments nationwide is $1,702. The average rent for an apartment in Salt Lake City is $1,664. 

Utility costs in Utah 

Utility costs play a significant role in Utah's overall cost of living. According to Forbes, the average monthly cost is around $345.  

UtilityAverage cost in Utah
Energy bill $80.87
Monthly water bill $38
Internet $30
Natural gas $35
Phone bill $114
Streaming $47.75

Grocery and food costs in Utah 

When it comes to groceries and food costs, Utah generally aligns with prices found elsewhere in the United States.   

According to Zippia, those in Salt Lake City pay $282 on average each month. This is one of the lowest amounts in the country.  

According to 2021 data from the Bureau of Labor Statistics, the average spending on food at home is $5,259 annually, or about $438 per month for US households.   

Transportation costs in Utah 

Transportation costs, including gas prices and vehicle maintenance, impact Utah's overall cost of living.  

According to MIT, a single adult with no children can expect to pay upwards of $5,300. 

Gas prices in Utah are typically in and around the national average. Utah was below over $1 the national average at the time of writing. These prices fluctuate over time.   

It is also worth noting that prices can vary across different regions within the state.  

Healthcare costs in Utah 

Understanding healthcare expenses is crucial when considering the cost of living.  

The specific healthcare costs in Utah can vary depending on factors such as insurance coverage and individual circumstances. Therefore, it is advisable to research and consult with healthcare providers and insurance companies to obtain accurate cost estimates. 

MIT estimates:  

ScenarioAnnual healthcare expenditure
One adult, no children $2,980
One adult, one child $9,636
One adult, two children $9,646
Two adults (one working), no children $6,296
Two adults (one working), one child $9,646
Two adults (one working), two children $9,571
Two adults (two working), no children $6,296
Two adults (two working), one child $9,646
Two adults (two working), two children $9,571

Childcare costs in Utah 

Families in Utah currently pay around $8,391 per year for childcare for one child. This figure doubles for two children.   

However, it's important to note that this figure can vary across the state.  

Taxation in Utah 

Utah has a flat rate state income tax of 4.95%. 

Here's a comparison of income tax rates among some neighboring states:  

StateIncome Tax Rate Range
Utah 4.95%
Arizona 2.59% - 4.50%
Colorado 4.55% - 4.63%
Idaho 1.125% - 6.925%
Nevada No state income tax

The sales tax rate in Utah is currently 4.85%. However, it's important to note that local sales tax rates may vary within the state, and additional local option sales taxes may apply in certain areas. 

The bottom line 

The amount of money needed to live comfortably in Utah can vary depending on location, lifestyle, family size, and personal preferences. However, as the most expensive state in the US, you may need more than you first think. 

It's essential to consider these factors, along with personal circumstances and preferences, when evaluating the cost of living in Utah. In addition, consulting with a financial advisor can provide valuable insights and assistance in managing expenses and financial planning. 

Whether you’re retirement planning or considering relocating to chase a new career, Unbiased can assist you with your move's financial ins and outs. Find the right advisor for your needs today. 

Senior Content Writer

Rachel Carey

Rachel is a Senior Content Writer at Unbiased. She has nearly a decade of experience writing and producing content across a range of different sectors.